- Industrial inkjet technology company Xaar said that it expected second-half revenue to be "only slightly better" than the first half as trading from September to December continued to be worse than expected.

Although good progress had been made in developing potential future revenue streams through partnerships with a number of original equipment manufacturers, revenues in the shorter term had continued to be adversely impacted by declining sales into ceramics and slower-than-expected uptake of the Xaar 1201 product.

The company therefore expected total 2018 revenue of around £64m, with sales mix effects expected to continue to adversely impact gross margins.

At 8:15am: [LON:XAR] Xaar PLC share price was -31.6p at 127.6p

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