Report

Update: Stabilisation a welcome end to a difficult year

Xaar’s trading update reported that trading in the key ceramics segment has stabilised in recent months. Given the deterioration witnessed over Q2/Q3, this comes as a welcome end to a difficult year. The rating does not look demanding given the growth potential, IP and cash generation. Evidence of a more prolonged stabilisation in ceramics and customer progress with direct-to-shape and Thin Film are the key catalysts for a more sustainable share price recovery.
Underlying
Xaar PLC

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.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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