Industrials
Xaar plc
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Company Description
Xaar is a specialist electronic devices and systems business based around its piezo electric industrial inkjet printhead technologies and products. Xaar manufactures the printheads for use in applications that include ceramic tile printing, product coding and market, large format graphics, 3D printing and printing on windscreens.
Investment Summary
Xaar’s management has done a fine job in recent years of turning the business around. Management’s strategy of investing in new products and working more with end users and printer manufacturers is already showing through in growing revenues. The new product roadmap should allow Xaar to address much of the estimated $1bn industrial inkjet market. As new products come through, Xaar regains and wins market share and the benefits of historical investment in capacity and operational gearing are reflected in the profits and cash generation, there is potential for forecast upgrades and, on an EV/Sales basis at least, some rerating.
Recent Content
In the thick of it – addressing market needs
24/01/2023 Xaar plc
The turnaround of Xaar in recent years has been driven by effective and clear management action. The business […]
Strong FY22 but China and costs impact FY23
12/01/2023 Xaar plc
Xaar’s update for the year ended 31 December 2022, issued today, states that revenue is expected to be […]
Aquinox – a turning point in inkjet technology
18/11/2022 Xaar plc
Xaar announced on Wednesday the release of its Aquinox printhead for use with water-based inks. This is a […]
Strong results; stronger underlying progress
20/09/2022 Xaar plc
The interim results for the six months ended 30 June 2022, released today, provide further evidence that Xaar […]
Firmly back on the growth trajectory
15/07/2022 Xaar plc
Xaar’s H1 trading update for 6M ended 30th June 2022, issued yesterday, confirms that the group is trading […]
Roadmap to significant profit growth
22/06/2022 Xaar plc
With a clear roadmap of new digital inkjet products and an ambitious management team focused on gaining (or […]
Company Management Team
John Mills
Chief Executive Officer
John joined Xaar in 2019 following 5 years as CEO at Inca Digital. John started his career at Domino Printing Sciences plc as Development Scientist following a Ph.D in Physics, progressing through a number of technical roles to Director of Development, a role he held for over 4 years. Other roles since leaving Domino Printing include CEO at DataLase Ltd, COO at Plastic Logic Ltd.
Ian Tichias
Chief Financial Officer
Ian joined Xaar in March 2020 with over 15 years’ experience in senior financial roles and a proven track record of delivering business focussed finance operations that drive efficiency and commercial performance beyond finance. Previously, Ian was Group Finance Director and Deputy CFO at Ibstock plc, responsible for the Group’s Clay business. Other past roles include Senior Director, Finance & Global Pricing Lead – Europe, Africa and Middle East for Zoetis and before that, Head of Finance for Pfizer Diversified Businesses (PDB) UK.
