Interim Management Statement

RNS Number : 7007Q

Xaar PLC

17 October 2013

 



17 October 2013

Xaar plc

INTERIM MANAGEMENT STATEMENT AND CAPITAL MARKETS DAY

Xaar plc ("Xaar" or "the Group"), the inkjet printing technology group headquartered in Cambridge, is providing an Interim Management Statement covering trading from 1 July 2013. 

Revenues for the third quarter of the year were in line with the Board's expectations with the sales segmentation year to date, both by application and by geography, in line with those reported at the half year.  The Board's expectations for full year revenue and profit remain unchanged.

The manufacturing expansion programme, announced in the first half of 2013, remains on track to deliver the planned increases in capacity during the remainder of 2013 and the first half of 2014.

The Group's balance sheet remains strong with net cash at 30 September 2013 of £56.6 million (30 June 2013: £49.4 million, 31 December 2012: £28.9 million).

On Thursday, 28^th November 2013, Xaar is hosting a Capital Markets Day for investors and analysts in London.  The purpose of the event is to explain how Xaar's technology disrupts and adds value in the end markets in which it operates, and to highlight the long term potential for Xaar's digital inkjet technology.  No new information will be presented.

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CONTACTS

Xaar plc:	01223-423663
Ian Dinwoodie, Chief Executive	www.xaar.com
Alex Bevis, Finance Director
N+1 Singer:	020-7496-3000
Shaun Dobson Nick Donovan
Bankside Consultants:
Simon Bloomfield	020-7367-8888 / 07771-758517

 

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