XAAR PLC (XAR) — Interim Results

Investor webinar replay

Replay transcript excerpt

Good afternoon, and welcome to the XAR PLC investor presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged and could be submitted at any time by the Q and A tab situated on the right hand corner of your screen. Simply type in your questions and press send. The company may not be in a position to answer every question it receives during the meeting itself. However, the company can review all questions submitted today and publish responses where it's appropriate to do so. Before we begin, I'd like to submit the following poll. I'd now like to hand you over to John Mills, CEO. Good afternoon, sir. Hi. Good morning good afternoon, and welcome to everybody. I'm here. I'm John Mills, CEO of XAAR. I'm joined by Paul James, who's our CFO. Today, I'd like to take you through the 2,026 interim results presentation and then give you an overview of where we are. So I think so far this year has been a a good year. We've seen some disruptions markets due to the the war in Iran. We have seen that when when there's disruption or uncertainty in the world, capital equipment purchases are affected, and we sell print heads into OEMs who build equipment. And what happens is that they they sell less machines and we sell less print heads. As a result of that, there are certain markets where we've actually seen some decline in in in the markets. However, we'd be pleased to report that print head revenue is actually up by 5.5%. And the reason for that is actually because there's quite a lot of new business that's come through. So whilst we've seen some headwinds because of the global economic challenges, the growth has been there by these new applications that we move through. And we'll talk more about that later on in the the pre...