XP Power Ltd. (DI) (XPP)

Sector:

Electronic and Electrical Equipment

Index:

FTSE Small Cap

2,480.00p
   
  • Change Today:
      10.00p
  • 52 Week High: 3,090.00
  • 52 Week Low: 1,965.00
  • Currency: UK Pounds
  • Shares Issued: 19.23m
  • Volume: 10,077
  • Market Cap: £477.02m
  • RiskGrade: 126

XP Power set on expansion as order intake rises

By Josh White

Date: Tuesday 05 Mar 2019

LONDON (ShareCast) - (Sharecast News) - Power control components developer XP Power released its annual results for the year ended 31 December on Tuesday, claiming to have achieved record order intake, revenues and earnings during the year.
The London-listed firm reported order intake of £198.4m, which was an increase of 8%, or 12% in constant currency and 5% on a like-for-like basis.

Full-year revenues rose by 17%, or 21% in constant currency and 11% on a like-for-like basis, to £195.1m.

XP Power said revenues from its own-designed products set a new record of £155.3m in the year, up from £127.4m year-on-year, and representing 80% of revenue, compared to 76% a year earlier.

The company's gross margin was 80 basis points higher at 47.3%, with its adjusted profit before tax rising 14% tp £41.2m.

Adjusted diluted earnings per share were up 18% at 172.8p, with the board proposing a final dividend per share of 33p - a 14% improvement on the distribution a year ago.

That would take the firm's total dividend per share up 9% to 85p.

On the operational front, the company acquired Glassman High Voltage during the year, which it said expanded its product portfolio and addressable market.

It also completed the construction of a second production facility in Vietnam to expand its manufacturing capacity, with the new factory to begin production in the second quarter of 2019.

"2018 was another year of significant progress," said chairman James Peters.

"We achieved a third successive year of record revenues and earnings per share, demonstrating the strength of our business model and successful execution of our strategy.

"The acquisition of Glassman High Voltage expands our addressable market by an estimated $500m and gives us a foothold in an exciting new product segment."

In addition, Peters noted that the company completed construction of its second manufacturing facility in Vietnam, which would start production in the second quarter of 2019, increasing its Asia production capacity by about 75%.

"The new financial year has begun against a background of ongoing macroeconomic uncertainty.

"While we are not immune from the impact of external events, we are encouraged by our start to 2019 in terms of order intake and our healthy order book.

"On this basis, and with the benefit of the Glassman acquisition, we expect further revenue growth in 2019 but this will be weighted to the second half of the year."

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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 2,480.00p
Change Today 10.00p
% Change 0.40 %
52 Week High 3,090.00
52 Week Low 1,965.00
Volume 10,077
Shares Issued 19.23m
Market Cap £477.02m
RiskGrade 126

XPP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
38.20% above the market average38.20% above the market average38.20% above the market average38.20% above the market average38.20% above the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average
Price Trend
62.10% above the market average62.10% above the market average62.10% above the market average62.10% above the market average62.10% above the market average
2.44% below the sector average2.44% below the sector average2.44% below the sector average2.44% below the sector average2.44% below the sector average
Income
78.47% above the market average78.47% above the market average78.47% above the market average78.47% above the market average78.47% 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
7.64% below the market average7.64% below the market average7.64% below the market average7.64% below the market average7.64% below 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

What The Brokers Say

Strong Buy 5
Buy 0
Neutral 0
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
  Q2 Q1
Ex-Div 12-Sep-19 13-Jun-19
Paid 10-Oct-19 11-Jul-19
Amount 18.00p 17.00p

Trades for 23-Sep-2019

Time Volume / Share Price
16:42 3 @ 2,480.00p
16:35 3,930 @ 2,480.00p
16:29 12 @ 2,480.00p
16:29 1 @ 2,450.00p
16:28 7 @ 2,450.00p

XPP Key Personnel

Chair James E Peters
CEO Duncan Penny
Finance Director Jonathan Rhodes

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