Brief: Xaar Says Profit Ahead Of Expectations For 2023

Xaar

29/11/2023 07:50

Nov 29 (Reuters) - Xaar PLC  XAR.L :
    * TRADING UPDATE
    * PROFIT AHEAD OF EXPECTATIONS FOR 2023
    * GROUP IS EXPECTED TO DELIVER AN ADJUSTED PROFIT BEFORE TAX
OF
BETWEEN £2.5 MILLION AND £3 MILLION, WHICH IS AHEAD OF BOARD
EXPECTATIONS FOR 2023
    * TRADING CONDITIONS HAVE BECOME MORE CHALLENGING IN H2 2023
DUE
TO WIDER ECONOMIC ENVIRONMENT
    * 2023 FULL YEAR REVENUES ARE EXPECTED TO BE BETWEEN £70
MILLION
AND £72 MILLION
    * BOARD ANTICIPATES THAT WEAKER DEMAND DURING Q4 2023 WILL
CONTINUE INTO 2024
    * BOARD REMAINS CONFIDENT IN MEDIUM-TERM OUTLOOK
    * SEES LOWER REVENUE AND ADJUSTED PROFIT IN 2024 THAN
PREVIOUSLY
ANTICIPATED

Source text for Eikon:  ID:nRSc9778Ua 
Further company coverage:  XAR.L 

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