REG - Xaar PLC - Trading Statement <Origin Href="QuoteRef">XAR.L</Origin>

XaarAnnouncement

06/09/2014 16:45

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RNS Number : 5362M
Xaar PLC
17 July 2014 
 
17 July 2014 
 
Xaar plc 
 
Trading Statement 
 
Xaar plc ("Xaar", "the Group" or "the Company"), the digital inkjet printing
technology Group headquartered in Cambridge, UK, announces an update on
trading. 
 
Trading remains in line with the Board's expectations.  Xaar expects to report
revenue for the first half of 2014 of £60 million (H1 2013 - £67.2 million). 
As reported previously given normal seasonal patterns the Board expects a
higher level of sales in the second half of the year, with full year revenue
of approximately £130 million projected for 2014. 
 
The Group continues to maintain a strong balance sheet with net cash at 30
June 2014 of £48.1 million (31 December 2013 - £53.5 million).  As expected,
cash balances reduced during the first half of the year due to investment in
manufacturing and development assets, increased working capital and dividend
payments. 
 
The Company expects to announce Interim Results for 2014 on 28 August 2014. 
 
Contacts 
 
 Xaar plc                                               
 Ian Dinwoodie, Chief Executive Officer  01223-423663   
 Alex Bevis, Finance Director            www.xaar.com   
                                                        
 Tulchan Communications                                 
 Tom Buchanan                            020-7353-4200  
 Christian Cowley                                       
 
 
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