XP Power Ltd. (DI) (XPP)

Sector:

Electronic and Electrical Equipment

Index:

FTSE Small Cap

1,072.00p
   
  • Change Today:
      12.00p
  • 52 Week High: 2,440.00
  • 52 Week Low: 776.00
  • Currency: UK Pounds
  • Shares Issued: 23.68m
  • Volume: 7,832
  • Market Cap: £253.87m
  • RiskGrade: 173

XP reports strong orders from healthcare equipment makers

By Sean Farrell

Date: Thursday 04 Jun 2020

LONDON (ShareCast) - (Sharecast News) - XP Power said trading was encouraging as the company worked to meet demand from makers of healthcare equipment during the Covid-19 crisis.
The FTSE 250 company said order intake in April and May was strong and that it would go into the second half of 2020 with a healthy order book. Orders rose by 33% in the first quarter to £73.1m from a year earlier and by 76% in April and May to £54.9m at constant currency.

XP, which makes power controllers for electrical equipment, said it had "exceptional" demand from customers making ventilators, patient monitors, hospital beds and X-ray machines to supply hospitals during the coronavirus pandemic. The company said it was working hard to get through the order backlog and that it expected demand to return to normal in the second half.

Makers of semiconductor equipment have also started to recover from a 2019 downturn, leading to strong orders for XP in April and May. Technology and industrial electronics orders have held up well though in recent weeks a few customers have deferred orders because of weak demand or production problems.

XP said: "The board is pleased with the group's trading performance in the year to date, which demonstrates both the Group's operational resilience and the benefits of our end market diversification. Order intake in healthcare and semiconductor equipment manufacturing, in particular, remains encouraging.

"Our strong order book gives good near-term visibility, but high levels of economic uncertainty and general market volatility continue to provide a wide range of potential outcomes for 2020."

The company's shares rose 3.9% to £36.36 at 11:37 BST.

XP said its supply chain was working well despite slight shortages of some parts. Air freight costs have risen sharply on routes out of Asia because of a lack of capacity and XP is negotiating these costs with its customers.

"Current conditions in the global airfreight market are creating some cost pressures which are likely to remain a feature until capacity recovers," the company said.





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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

XPP Market Data

Currency UK Pounds
Share Price 1,072.00p
Change Today 12.00p
% Change 1.13 %
52 Week High 2,440.00
52 Week Low 776.00
Volume 7,832
Shares Issued 23.68m
Market Cap £253.87m
RiskGrade 173

XPP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
46.68% above the market average46.68% above the market average46.68% above the market average46.68% above the market average46.68% above the market average
35.29% above the sector average35.29% above the sector average35.29% above the sector average35.29% above the sector average35.29% above the sector average
Price Trend
59.09% above the market average59.09% above the market average59.09% above the market average59.09% above the market average59.09% above the market average
69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average
Income
87.12% above the market average87.12% above the market average87.12% above the market average87.12% above the market average87.12% above the market average
20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average
Growth
5.96% below the market average5.96% below the market average5.96% below the market average5.96% below the market average5.96% below the market average
88.24% below the sector average88.24% below the sector average88.24% below the sector average88.24% below the sector average88.24% below the sector average

What The Brokers Say

Strong Buy 3
Buy 3
Neutral 0
Sell 0
Strong Sell 0
Total 6
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

XPP Dividends

  Latest Previous
  Q2 Q1
Ex-Div n/a 15-Jun-23
Paid n/a 13-Jul-23
Amount 0.000p 18.00p

Trades for 28-Mar-2024

Time Volume / Share Price
14:23 1 @ 1,072.00p
14:23 160 @ 1,072.00p
14:23 146 @ 1,072.00p
14:04 18 @ 1,066.00p
14:02 286 @ 1,068.00p

XPP Key Personnel

CEO Gavin Griggs
Chair Jamie Pike

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