Edison Investment Research - XP Power (XPP) Update: Positive order trend continues

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Edison Investment Research

Update: Positive order trend continues

XPâ€™s Q2 trading update confirms the company is on track to meet its revenue growth expectations for FY14. Underlying revenue growth of 9% supports our FY14 revenue forecast, although we have reduced our reported revenue forecasts for FY14 and FY15 by 2.4% to reflect the weakening of the US dollar against sterling. At the earnings level, our forecasts are unchanged, reflecting the high level of natural hedging.

08/07/2014 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: Positive order trend continues

XP Power - Expecting better market conditions in 2024

XP Power - Fully funded for medium-term growth

XP Power - Solid H123, outlook for FY23 maintained

Filtronic - Agreement with SpaceX drives upgrades

Checkit - Signposting the path to profitability

EML Payments - Growth cap lifted in the UK

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