Xaar presents positive full year trading update


10-01-2005

Xaar plc, the inkjet printing technology group headquartered in Cambridge, UK, presents an update on performance for the full year ended 31 December 2004.

Xaar is pleased to announce that sales for the full year are expected to be in excess of 35.0m (2003: 29.2m), with a profit before tax (and foreign exchange movements on inter-company loans) ahead of expectations at slightly in excess of 6.0m (2003: loss of 1.3m on a comparable basis). Cash at the year-end was above 15.0m (2003: 8.5m).



The outlook for 2005 is positive although the group's primary trading currency, the US dollar, remains weak.





ANNOUNCEMENT OF PRELIMINARY RESULTS FOR 2004



Detailed full year results will be released on 15 March 2005.





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Contacts



Xaar plc: 01223-423663

Ian Dinwoodie,

Chief Executive

Nigel Berry,

Group Finance Director & Deputy Chief Executive



Bankside Consultants:

Steve Liebmann

020-7444-4163 / 07802-888159





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Xaar is a world leader in the development of digital inkjet technology

Xaar Plc