Xaar 2023 Interim Results
Tuesday 19th September 2023
Key topics
Overview
Financial performance
ESG
Significant strategic progress
Focus on 3D market
Summary and outlook
Q&A
John Mills | Ian Tichias |
CEO | CFO |
Xaar 2023 Interim Results Presentation | Xaar Confidential |
Results put us in a strong position for the future
Good performance with | Launched Aquinox with | |
adjusted profit | very positive customer | |
increasing 29% | response | |
Operational | Increasing number of |
LaunchedimprovementsAquinox within very positiveOEM'scustomeradoptingresponseXaar
Printheadtechnology
EPS, Megnajet and | Confident in delivery on |
full year expectations | |
FFEI delivered profit | |
contribution |
Xaar 2023 Interim Results Presentation | Xaar Confidential |
Financial performance |
in line with expectations |
Group financial performance in line with expectations
£M | H1 2023 | H1 2022 | Var | % Var |
Revenue | 34.5 | 36.6 | (2.1) | -6% |
Gross Margin | 40% | 40% | ||
Total Opex | (14.0) | (12.9) | (1.1) | +9% |
aEBITDA | 3.5 | 3.0 | 0.5 | +17% |
aPBT | 1.8 | 1.4 | 0.4 | +31% |
Figures (£m) and percentage (%) are subject to rounding |
£M | H1 2023 | H1 2022 | Var | % Var |
Trade WC | 30.2 | 26.5 | 3.7 | +14% |
Cash | 7.3 | 12.7 | (5.4) | -43% |
Net Assets | 71.3 | 69.5 | 1.8 | +3% |
Figures (£m) and percentage (%) are subject to rounding
Revenue by region and BU
40.0 | |
35.0 | |
30.0 | |
25.0 | |
£m | 20.0 |
15.0 | |
10.0 |
5.0
-
2020 H2 | 2021 H1 | 2021 H2 | 2022 H1 | 2022 H2 | 2023 H1 | ||||||||
Americas | Asia | EMEA | EPS | ||||||||||
FFEI | Megnajet | Printhead | |||||||||||
Gross Margin maintained despite factory shut down
Working capital increase due to proactive investment
Robust balance sheet
In line with expectations despite challenging macro environment
Xaar 2023 Interim Results Presentation | Xaar Confidential |
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Xaar plc published this content on 19 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 September 2023 08:22:02 UTC.