XP Power Ltd. (DI) (XPP)

Sector:

Electronic and Electrical Equipment

Index:

FTSE Small Cap

3,340.00p
   
  • Change Today:
    -10.00p
  • 52 Week High: 3,820.00
  • 52 Week Low: 1,965.00
  • Currency: UK Pounds
  • Shares Issued: 19.23m
  • Volume: 6,465
  • Market Cap: £642.44m
  • RiskGrade: 186

XP Power's Q3 revenue rises due to increased component orders

By Maryam Cockar

Date: Friday 07 Oct 2016

LONDON (ShareCast) - (ShareCast News) - XP Power, a manufacturer of power control components to the electronics industry, increased third quarter revenues while trading in line with expectations for the full-year.
In a trading update for the quarter ended 30 September, the company reported a 13% rise in revenue to £92.6m, compared to the same period last year, or a 5% rise on a constant currency basis.

Third quarter orders were boosted as fourth quarter customer orders were brought forward in September, rising 43% to £34.2m, which exceeded the previous record of £31.3m in the second quarter due to a return to growth in the North American markets.

While orders for the nine months ended 30 September were "encouraging" at £95.8m, 19% higher than last year or an 11% rise in constant currency.

Net debt widened by £2.2m at end of September compared to £6 in June.

The London-listed company said despite the challenging macroeconomic backdrop, it was reassured by the momentum in orders during the third quarter and expects trading to be in line with the company's expectations for the full year.

"We remain encouraged by new design wins and believe the group is continuing to take market share as its portfolio of industry-leading power technology products is increasingly designed-in to new equipment by our target customers. These design wins will translate to orders as our customers' projects move to production phase over the coming years."

A dividend of 16p per share will be paid on 12 January 2017 which will bring the total dividend for the first three quarters to 45p per share, a 7% from 2015.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

XPP Market Data

Currency UK Pounds
Share Price 3,340.00p
Change Today -10.00p
% Change -0.30 %
52 Week High 3,820.00
52 Week Low 1,965.00
Volume 6,465
Shares Issued 19.23m
Market Cap £642.44m
RiskGrade 186

XPP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
39.70% above the market average39.70% above the market average39.70% above the market average39.70% above the market average39.70% above the market average
68.42% below the sector average68.42% below the sector average68.42% below the sector average68.42% below the sector average68.42% below the sector average
Price Trend
59.39% above the market average59.39% above the market average59.39% above the market average59.39% above the market average59.39% above the market average
64.10% above the sector average64.10% above the sector average64.10% above the sector average64.10% above the sector average64.10% above the sector average
Income
78.45% above the market average78.45% above the market average78.45% above the market average78.45% above the market average78.45% above the market average
61.90% above the sector average61.90% above the sector average61.90% above the sector average61.90% above the sector average61.90% above the sector average
Growth
8.94% below the market average8.94% below the market average8.94% below the market average8.94% below the market average8.94% below the market average
73.68% above the sector average73.68% above the sector average73.68% above the sector average73.68% above the sector average73.68% above the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 5
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

XPP Dividends

  Latest Previous
  Q3 Q2
Ex-Div 12-Dec-19 12-Sep-19
Paid 13-Jan-20 10-Oct-19
Amount 20.00p 18.00p

Trades for 21-Feb-2020

Time Volume / Share Price
16:35 1,549 @ 3,340.00p
16:29 24 @ 3,310.00p
16:29 6 @ 3,310.00p
16:27 1 @ 3,350.00p
16:25 105 @ 3,350.00p

XPP Key Personnel

Chair James E Peters
CEO Duncan Penny
Finance Director Jonathan Rhodes

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