Xaar reports packaging revenue growth

Xaar has reported business performance at the end of 2015 in line with its board’s expectations, including revenue growth in packaging.

Since the last trading statement on November 4, 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

The company’s preliminary results for 2015 are expected to be announced on March 16, although in a trading update for the year ended December 31, 2015, Xaar said it expects to report total revenue for the year of approximately 93.5 million GBP (134.7 million USD).

Since its last trading statement on November 4, 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 percent.