Xaar - 2013
Digital inkjet technology world leader Xaar plc was named Business of the Year at Business Weekly’s gala 2013 Awards presentation dinner at Queens’ College, Cambridge in the most fiercely contested competition in its 24-year history.
Xaar had earlier announced record-breaking revenues, profits and a $1.15bn market cap. Revenues were £134.1 million, 55 per cent up year-on-year with pre-tax profit 123 per cent higher at £41.1m. The dividend was doubled to 8p per share.
Ian Mather, Cambridge managing partner for global law firm Mills & Reeve – lead sponsor of the Business Weekly Awards – said: “In 2013, Xaar became the cluster’s latest $billion dollar company. It hoisted revenue 78 per cent; more than trebled profit; increased headcount over 44 per cent; almost quadrupled its cash reserves and substantially increased exports as well as invest record amounts in expanding its product footprint.”