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Xaar Says 2015 In Line As Packaging Revenue Offsets China Softness

13th Jan 2016 08:45

LONDON (Alliance News) - Digital inkjet printing technology company Xaar PLC on Wednesday said its revenue is set to meet its expectations for 2015.

The group said its revenue for the year to the end of December should be around GBP93.5 million, in line with its expectations. A good performance in its packaging unit has helped to offset softer demand for ceramic tile printing in China, Xaar said.

Xaar will publish its annual results on March 16.

Shares in Xaar were up 6.4% to 480.00 pence.

By Sam Unsted; [email protected]; @SamUAtAlliance

Copyright 2016 Alliance News Limited. All Rights Reserved.


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