Report

Update: Trading in line

XP confirms that FY14 revenues were in line with our forecasts, and that it has moved to a net cash position as at year-end. Despite mixed trading conditions, with North America stronger than Europe, the company finished the year with a strong order book supporting modest revenue growth in FY15. We make no changes to our forecasts at this point; XP reports final results on 23 February.
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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