19 July 2002
FOR IMMEDIATE RELEASE 19 July 2002
PERIOD-END TRADING UPDATE
Xaar plc ('Xaar'), the ink jet printing technology group headquartered in
Cambridge, today provides a trading update ahead of its financial results for
the half year to 30 June 2002 due to be announced on 18 September.
The transfer of volume production from Cambridge to its larger Swedish facility
has now been successfully completed.
Xaar is pleased to report that demand for its XaarJet range of own-manufactured
printheads continues to be strong. In particular, demand from Asia is growing
significantly. Demand is expected to increase further in 2003, and the board
has approved capital expenditure of £2 million at the Swedish plant to meet
capacity requirements. This upgrade should be completed by the first quarter of
The company continues to be cash generative.
Jan Fineman, Chief Executive Xaar 01223 423663
Nigel Berry, Finance Director
Lisa Baderoon Buchanan Communications 020 7466 5000
This information is provided by RNS
The company news service from the London Stock Exchange