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

XaarAnnouncement

13/01/2016 07:00

RNS Number : 6630L
Xaar PLC
13 January 2016
13 January 2016
Xaar plc
Scheduled 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 for the year ended 31 December 2015.
In line with the Board's expectations, Xaar expects to report total revenue for 2015 of approximately 93.5 million. Since the last trading statement on 4 November 2015 sales have performed in line with expectations, with revenue growth in packaging being offset by the anticipated softening in demand in ceramic tile printing in China.
As a result of improved operating efficiency at both the Sweden and Huntingdon manufacturing sites Xaar expects to report an adjusted operating margin for 2015 of approximately 20%.
The Group remains in a strong financial position with net cash at 31 December 2015 of 70 million (30 June 2015 - 59 million). 
Preliminary Results for 2015 are expected to be announced on Wednesday 16 March 2016.
Contacts
Xaar plc

Alex Bevis, CFO 
+44 (0)1223-423663
Doug Edwards, CEO
www.xaar.com


Tulchan Communications

James Macey White
+44 (0)20-7353-4200

This information is provided by RNS
The company news service from the London Stock Exchange
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