Report

Outlook: Bolstering the US opportunity

XP reported FY14 results substantially in line with expectations. Strong order intake positions the company well for 2015 and increased investment in the US should support further growth from the blue chip client base. Manufacturing at the Vietnamese facility is ramping-up to plan, supporting further growth in profitability and increasing the company’s self-sufficiency. We forecast steady growth in revenues and earnings and continued strong cash generation, providing support for the dividend policy and the funds to invest in further product development and M&A.
Underlying
XP Power

XP Power is engaged in the design and manufacture of electronic power converters, which is required to convert the power output from the mains wall socket to the usable power that allows the equipment to function. Co. supplies these products to the healthcare, industrial and technology industries.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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