XP Power Ltd. (DI) (XPP)

Sector:

Electronic and Electrical Equipment

Index:

FTSE Small Cap

3,640.00p
   
  • Change Today:
      40.00p
  • 52 Week High: 3,650.00
  • 52 Week Low: 1,965.00
  • Currency: UK Pounds
  • Shares Issued: 19.23m
  • Volume: 12,718
  • Market Cap: £700.15m
  • RiskGrade: 191

XP Power earnings firmer in 2016

By Josh White

Date: Wednesday 08 Mar 2017

LONDON (ShareCast) - (ShareCast News) - Critical power components manufacturer XP Power posted its annual results for the year to 31 December on Wednesday, with order intake up 21% to £133.5m, and revenue rising 18% to £129.8m year-on-year.


The London-listed firm reported a gross margin as reducing by 200 basis points to 47.8%, while adjusted profit before tax rose 11% £28.6m and adjusted profit after tax and minority interest was up 10% to £22.3m.

Adjusted diluted earnings per share were 11% firmer at 115.3p.

XP Power said its operating cash flow surged 33% on the prior year to £27.9m, and its net cash stood at £3.7m, compared to net debt of £3.7m at the end of 2015.

Its board declared an 8% improvement in the final dividend per share at 26p, leading to an 8% rise in total dividends per share for the year at 71p.

On a reported basis, profit before tax was up 9% at £27.8m, profit after tax and minority interest was 8% higher at £21.5m, and diluted earnings per share were up 8% at 111.2p.

"We are encouraged by the strong finish we had to 2016," commented chairman James Peters.

"The group entered 2017 with a strong order backlog and, despite the mixed global economic picture, we have established positive momentum in the new financial year.

"The further utilisation of lower cost production capacity in Vietnam is giving us a competitive advantage and we will begin work on a second factory at the site towards the end of 2017, to address our future volume growth requirements."

Peters also pointed to the group's strong balance sheet and highly cash-generative business, that he said would enable it to help fund further targeted acquisitions to broaden its product offering and engineering capabilities.

"We remain excited about the opportunities we believe will be available to the group in the years ahead."

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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 3,640.00p
Change Today 40.00p
% Change 1.11 %
52 Week High 3,650.00
52 Week Low 1,965.00
Volume 12,718
Shares Issued 19.23m
Market Cap £700.15m
RiskGrade 191

XPP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
38.69% above the market average38.69% above the market average38.69% above the market average38.69% above the market average38.69% above the market average
73.68% below the sector average73.68% below the sector average73.68% below the sector average73.68% below the sector average73.68% below the sector average
Price Trend
61.53% above the market average61.53% above the market average61.53% above the market average61.53% above the market average61.53% above the market average
55.00% above the sector average55.00% above the sector average55.00% above the sector average55.00% above the sector average55.00% above the sector average
Income
78.63% above the market average78.63% above the market average78.63% above the market average78.63% above the market average78.63% 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
8.83% below the market average8.83% below the market average8.83% below the market average8.83% below the market average8.83% 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 0
Sell 0
Strong Sell 0
Total 4
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 17-Jan-2020

Time Volume / Share Price
16:35 850 @ 3,640.00p
16:28 94 @ 3,630.00p
16:28 7 @ 3,630.00p
16:28 41 @ 3,620.00p
16:28 1 @ 3,620.00p

XPP Key Personnel

Chair James E Peters
CEO Duncan Penny
Finance Director Jonathan Rhodes

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