Jul 19th 2012 - Edison Investment Research today published a report on Xaar (XAR.L, LSE:XAR, LON:XAR) entitled "In Good Shape". In summary, the report says:
Xaar’s H1 trading update confirms robust H1 trading, with sales up 20% year-on-year and margins slightly ahead of expectations. With the capacity expansion now complete and volume sales expected from two new Chinese ceramics customers, the company looks in good shape for H2. Our estimates are unchanged (apart from a slight increase in the number of shares) but have potential for upside. Delivery to expectations should drive a continued re-rating.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »