XP Power Ltd. (DI) (XPP)

Sector:

Electronic and Electrical Equipment

Index:

FTSE 250

3,760.00p
   
  • Change Today:
    170.00p
  • 52 Week High: 3,820.00
  • 52 Week Low: 2,010.00
  • Currency: UK Pounds
  • Shares Issued: 19.43m
  • Volume: 30,151
  • Market Cap: £730.75m
  • RiskGrade: 288

XP Power closes out trading year with strong fourth quarter

By Iain Gilbert

Date: Friday 12 Jan 2018

LONDON (ShareCast) - (ShareCast News) - Critical power control components developer and manufacturer XP Power had a "good finish" to its trading year ended 31 December, as strong order intake drove robust revenue growth.
Order intake in the three months to the end of December came to £46.8m, a 24% year-on-year increase that boosted annual order intake 38% to £184.3m on a constant currency basis.

Fourth quarter revenue came in 16% ahead of the same period a year earlier at £43.2m, bringing total yearly revenue to £167m, a 29% year-on-year increase.

Trading over at Comdel, acquired by XP Power for $23m on 29 September, was in line with the group's pre-acquisition expectations, with fourth quarter orders totalling £5.8m, 101% ahead of the figures posted over the same period twelve months prior.

Following the Comdel acquisition, net debt was £10.1m as of 31 December, compared to a net cash position of £3.6m a year earlier.

XP Power paid a dividend of 18p per share for its third trading quarter on 11 January and was expecting to pay a further amount, to be announced on 1 March along with its final results, of no less than 28p per share for the last 12 weeks of 2017.

"We are encouraged by the continued strong order intake experienced across the business during the second half of 2017 and the overall book to bill level for the year. We enter 2018 with positive momentum and therefore expect to grow orders and revenue in 2018 above that in 2017."

At 1145 GMT, the shares were up 2.18% to 3,709p.

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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 3,760.00p
Change Today 170.00p
% Change 4.74 %
52 Week High 3,820.00
52 Week Low 2,010.00
Volume 30,151
Shares Issued 19.43m
Market Cap £730.75m
RiskGrade 288

XPP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
40.14% above the market average40.14% above the market average40.14% above the market average40.14% above the market average40.14% above the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Price Trend
60.75% above the market average60.75% above the market average60.75% above the market average60.75% above the market average60.75% above the market average
85.00% above the sector average85.00% above the sector average85.00% above the sector average85.00% above the sector average85.00% above the sector average
Income
84.74% above the market average84.74% above the market average84.74% above the market average84.74% above the market average84.74% above the market average
52.38% above the sector average52.38% above the sector average52.38% above the sector average52.38% above the sector average52.38% above the sector average
Growth
9.55% below the market average9.55% below the market average9.55% below the market average9.55% below the market average9.55% below the market average
36.84% below the sector average36.84% below the sector average36.84% below the sector average36.84% below the sector average36.84% 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
  Q3 Q2
Ex-Div 12-Dec-19 12-Sep-19
Paid 13-Jan-20 10-Oct-19
Amount 20.00p 18.00p

Trades for 05-Jun-2020

Time Volume / Share Price
16:35 3,295 @ 3,760.00p
16:29 46 @ 3,730.00p
16:29 18 @ 3,700.00p
16:29 3 @ 3,700.00p
16:29 4 @ 3,700.00p

XPP Key Personnel

Chair James E Peters
CEO Duncan Penny
Finance Director Jonathan Rhodes

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