Update: Expanding Asian operations
XP saw solid trading in H115, with 7% revenue growth y-o-y (+1% constant currency) and 23.6% operating margins. Order intake increased 4% on a constant currency basis, strengthening the backlog. The company made its first foray into South Korea, paying $2.1m for a 51% stake in a value-added distributor that should contribute blue chip customers and skilled engineering resource. With the outlook for the underlying business unchanged, we maintain our revenue and EPS forecasts, assuming that the acquisition is likely to support growth in Asia in the medium termXP 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.
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.
.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.