Update: Resetting expectations to more sustainable level
Price reductions in ceramics and slower than expected uptake in packaging put a severe dent in our estimates. However, we believe fears that this marks a downturn in the company’s prospects are overdone and that the company is resetting prices and margin expectations to a more sustainable level following a period of exceptional competitive and financial performance. With a strong market position and a broadening portfolio of structural growth opportunities, prospects remain good.Xaar is engaged in the development of digital inkjet technology. Co. is a designer and manufacturer of piezoelectric drop-on-demand industrial inkjet printheads, the primary component in a digital printing system. Co. sells its technology in component form (the printhead) to Original Equipment Manufacturers who produce and sell the digital printing solutions to the end market. Co.'s primary business is the design, manufacture, marketing and sale of printheads, printhead systems and associated products. Through its subsidiary, Engineered Printing Solutions, Co. also provides customised printing equipment for the product printing market.
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