Business
2015 Full Year Results, 2020 Vision
2015 Full Year Results, 2020 Vision.
About this update from Xaar Plc
[{"type":"text","content":"\n \nRNS Number : 2126S Xaar PLC 16 March 2016 \n\nXaar plc\n2015 FULL YEAR RESULTS, 2020 VISION\n \nXaar plc (\"Xaar\", \"the Group\" or \"the Company\"), the inkjet printing technology Group headquartered in Cambridge, UK, today announces its full year results for the 12 months ended 31 December 2015. \nSummary of results for the year to 31 December 2015\n\n\n\n\n \n\n\nAdjusted¹\n\n\n \n\n\nIFRS\n\n\n\n\n \n\n\n2015\n\n\n2014\n\n\n \n\n\n2015\n\n\n2014\n\n\n\n\nRevenue\n\n\n£93.5m\n\n\n£109.2m\n\n\n \n\n\n£93.5m\n\n\n£109.2m\n\n\n\n\nGross Profit\n\n\n£44.7m\n\n\n£48.6m\n\n\n \n\n\n£44.7m\n\n\n£48.6m\n\n\n\n\nGross Margin %\n\n\n47.8%\n\n\n44.5%\n\n\n \n\n\n47.8%\n\n\n44.5%\n\n\n\n\nGross R&D investment²\n\n\n£19.9m\n\n\n£19.2m\n\n\n \n\n\n£19.9m\n\n\n£19.2m\n\n\n\n\nNet R&D investment²\n\n\n£11.5m\n\n\n£11.8m\n\n\n \n\n\n£11.5m\n\n\n£11.8m\n\n\n\n\nOperating Margin %\n\n\n21.8%\n\n\n22.2%\n\n\n \n\n\n14.1%\n\n\n20.8%\n\n\n\n\nProfit before tax\n\n\n£20.8m\n\n\n£24.6m\n\n\n \n\n\n£13.6m\n\n\n£23.1m\n\n\n\n\nDiluted Earnings per share\n\n\n24.5p\n\n\n26.4p\n\n\n \n\n\n16.1p\n\n\n24.4p\n\n\n\n\nNet Cash³ at Period end\n\n\n£69.7m\n\n\n£47.0m\n\n\n \n\n\n£69.7m\n\n\n£47.0m\n\n\n\n\nDividend per share\n\n\n9.45p\n\n\n9.0p\n\n\n \n\n\n9.45p\n\n\n9.0p\n\n\n\n\n1 Excluding the impact of restructuring costs, share-based payment charges, exchange differences relating to the Swedish operations, gains/losses on derivative financial instruments, and research and development expenditure credits, from the operating margin, profit before tax and diluted earnings per share figures. Operating margin % is calculated on operating profit, which is profit before tax less investment income\n2 Gross R&D investment relates to R&D expenditure before the capitalisation of development costs. Net R&D investment relates to R&D expenditure after the capitalisation of development costs, as recognised in the income statement\n3 Net cash includes cash, cash equivalents and treasury deposits\n \nFinancial highlights \n· Revenue in 2015 performed in line with expectations, with sales growth in Packaging partially offsetting the anticipated reduction from sales into the ceramic tile market\n· &nb...