Edison Investment Research - XP Power (XPP) Update: European growth offset by US weakness

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Edison Investment Research

Update: European growth offset by US weakness

XP has seen a continuation of the trends reported in July: strong demand in Europe offset by weakening demand in the US. On the basis of lower than expected US order intake, we have revised down our FY15 and FY16 revenue forecasts, which drives EPS reductions of 8% in FY15 and 7% in FY16. Despite some market weakness, we believe that XP continues to win market share, and is looking to bolster growth with bolt-on acquisitions.

09/10/2015 3 EN

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.

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SG9999003735 London Stock Exchange Singapore

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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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Update: European growth offset by US weakness

XP Power - Expecting better market conditions in 2024

XP Power - Fully funded for medium-term growth

XP Power - Solid H123, outlook for FY23 maintained

Manx Financial Group - Termination of coverage

musicMagpie - Termination of coverage

Topps Tiles - Accelerating growth through Q125

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