XP Power Ltd. (DI) (XPP)

Sector:

Electronic and Electrical Equipment

Index:

FTSE 250

2,510.00p
   
  • Change Today:
      80.00p
  • 52 Week High: 3,820.00
  • 52 Week Low: 2,010.00
  • Currency: UK Pounds
  • Shares Issued: 19.23m
  • Volume: 14,763
  • Market Cap: £482.79m
  • RiskGrade: 407

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 2,510.00p
Change Today 80.00p
% Change 3.29 %
52 Week High 3,820.00
52 Week Low 2,010.00
Volume 14,763
Shares Issued 19.23m
Market Cap £482.79m
RiskGrade 407

XPP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
40.65% above the market average40.65% above the market average40.65% above the market average40.65% above the market average40.65% above the market average
15.79% below the sector average15.79% below the sector average15.79% below the sector average15.79% below the sector average15.79% below the sector average
Price Trend
53.46% above the market average53.46% above the market average53.46% above the market average53.46% above the market average53.46% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Income
77.09% above the market average77.09% above the market average77.09% above the market average77.09% above the market average77.09% above the market average
36.36% above the sector average36.36% above the sector average36.36% above the sector average36.36% above the sector average36.36% above the sector average
Growth
8.21% below the market average8.21% below the market average8.21% below the market average8.21% below the market average8.21% below the market average
35.14% below the sector average35.14% below the sector average35.14% below the sector average35.14% below the sector average35.14% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 5
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
  Q4 Q3
Ex-Div 26-Mar-20 12-Dec-19
Paid 28-Apr-20 13-Jan-20
Amount 36.00p 20.00p

Trades for 02-Apr-2020

Time Volume / Share Price
16:42 18,500 @ 2,500.00p
16:41 25,000 @ 2,500.04p
16:35 557 @ 2,510.00p
16:29 2 @ 2,520.00p
16:27 62 @ 2,520.00p

XPP Key Personnel

Chair James E Peters
CEO Duncan Penny
Finance Director Jonathan Rhodes

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