Xaar anticipates sales boost in H2

By Jo Francis, Wednesday 12 July 2017

Be the first to comment

Half-year sales at Xaar will be down on 2016, but the group is expecting a more buoyant second half of the year.


Xaar 5501: first fruit of Xerox partnership

In a trading statement ahead of its interim results, Xaar said that sales in the six months to 30 June would be in line with current expectations at around £44m. At the interim stage last year sales were £44.5m.

“As stated in March, revenue will be more second half weighted than usual with growth anticipated from recently introduced new products,” the group said.

It also reaffirmed its joint development agreement with Xerox for bulk piezo printheads, first revealed in January.

Xaar chief executive Doug Edwards described the partnership as “a strategic milestone” for the group as part of its strategic shift to being a more market- and customer-centric operation.

He told PrintWeek: “We are jointly funding 50/50 the development of a next-generation bulk piezo technology platform from which a number of new products will be developed.”

The first product from the collaboration is the Xaar 5501 scanning printhead, a 115mm wide 1,200dpi aqueous head targeted at textile and graphics applications. It was introduced last month and is described as combining cost-effectiveness with high quality output.

Xaar has also announced that Spain’s KeraJet has become a Premier Partner for the ceramics market, the first European manufacturer to do so.

Xaar’s share price slipped by 3.75p to 395.25p on the trading statement (52-week high: 525.5p, low: 325p).



Share this

Related headlines

FFEI and Xaar combine for ‘Printbar Uncovered’
22 May 2017

FFEI has taken on the sale and distribution of Xaar’s Print Bar System, dubbing the new partnership Printbar...

Xaar opens new 3D centre
07 April 2017

Xaar has officially opened its new 3D centre in Nottingham, part of its plan to develop high-volume 3D...

New product delays hold back progress at Xaar
22 March 2017

Xaar has made significant progress in reducing its reliance on the ceramics market, but manufacturing...

Xaar inks piezo partnership with Xerox
11 January 2017

Xaar has signed a new partnership agreement with Xerox for the development of bulk piezo inkjet printheads....

Article Tags

This Issue

Latest comments