Less Ads, More Data, More Tools Register for FREE

Pin to quick picksXp Power Share News (XPP)

Share Price Information for Xp Power (XPP)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1,594.00
Bid: 1,586.00
Ask: 1,604.00
Change: 10.00 (0.63%)
Spread: 18.00 (1.135%)
Open: 1,568.00
High: 1,604.00
Low: 1,560.00
Prev. Close: 1,584.00
XPP Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

XP Power says momentum accelerates in third quarter

Mon, 11th Oct 2021 07:25

(Sharecast News) - Power control components company XP Power said on Monday that the "strong" momentum in order intake seen in its first half accelerated in the third quarter, with orders up 87% at constant currency, and 73% as reported, to £97.2m.
The FTSE 250 company said order growth was driven by continued strength in the semiconductor manufacturing equipment sector, the ongoing recovery in industrial technology, and a pick-up in healthcare, where third quarter orders were 70% above 2019 levels.

It said the extension of lead times to customers had brought orders forward as customers looked to secure supply, while year-to-date order intake was up 37% at constant currency.

The group had entered the final quarter of the year with a "very strong" order backlog position, partially as a result of lead times that had continued to extend.

As expected, revenue of £61.6m in the quarter was down year-on-year, 5% on a constant currency basis and 11% as reported, as the "exceptional" Covid-19-related healthcare revenue in the prior year was not repeated.

Year-to-date, revenue had grown 12% on a constant currency basis, or 4% as reported, which was primarily due to the semiconductor manufacturing equipment sector.

The firm's book-to-bill ratio, which tracks the relationship between orders received and completed sales, was 1.58 for the third quarter of 2021, compared to 0.82 a year earlier.

Net debt at 30 September totalled £25.2m, compared to £17.9m on 31 December 2020.

The group said it would continue its "disciplined approach" to capital allocation, prioritising a strong balance sheet and the flexibility that provided.

Its board declared a dividend for the third quarter of 21p per share, up from 20p year-on-year.

The ex-dividend date would be 9 December, and the dividend would be paid on 17 January to shareholders on the register at the record date of 10 December.

It said the last date for election for the share alternative to the dividend under the company's dividend reinvestment plan would be 24 December.

"The board's expectations for the full year remain in line with current market expectations," XP Power said in its statement.

"While our order book provides us with excellent visibility well into 2022, we continue to monitor closely the impact of the current uncertainties in global supply chains, including shortages of key components, ongoing Covid-19 challenges and freight capacity constraints, with associated increased costs.

"Longer term, the board believes XP Power remains very well positioned to grow ahead of its end markets, supported by its strong cash generation and robust balance sheet."

At 0904 BST, shares in XP Power were up 1.6% at 5,080p.
More News
10 Oct 2019 10:19

XP Power maintains guidance as semiconductor equipment market flounders

(Sharecast News) - Power control components manufacturer XP Power reported a 4% improvement in third quarter orders at constant currency on Thursday, to £55.9m, but said its year-to-date orders were down 3% at constant currency to £156.5m.

Read more
10 Oct 2019 09:49

UK BROKER RATINGS SUMMARY: Barclays Raises Pennon And Cuts Ferrexpo

UK BROKER RATINGS SUMMARY: Barclays Raises Pennon And Cuts Ferrexpo

Read more
3 Oct 2019 16:04

UK Dividends Calendar - Next 7 Days

UK Dividends Calendar - Next 7 Days

Read more
3 Oct 2019 16:02

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
15 Apr 2019 12:54

Monday broker round-up

(Sharecast News) - Compass Group: Barclays downgrades to equal weight with a target price of 1,850p.

Read more
9 Apr 2019 16:04

UK Shareholder Meetings Calendar - Next 7 Days

Wednesday 10 AprilCarnivalRio Tinto (London)Heavitree BreweryThursday 11 Oil

Read more
26 Feb 2019 16:08

UK Earnings, Trading Statements Calendar - Next 7 Days

Wednesday 27 February ITVFull Year ResultsRio TintoFull Year Results (at 0600 James's

Read more
14 Jan 2019 12:05

XP Power's quarterly order intake slides

(Sharecast News) - XP Power, the maker of power control components, had a good finish to 2018 as it ended the year trading in line with expectations.

Read more
7 Jan 2019 16:00

UK Earnings, Trading Statements Calendar - Next 7 Days

Tuesday 8 January SIGTrading Statement Wm Morrison SupermarketsTrading Year 9 Year

Read more
1 Oct 2018 16:04

UK Earnings, Trading Statements Calendar - Next 7 Days

Tuesday 2 October FergusonFull Year Results SCS GroupFull Year Bars Year Gifford 3 4

Read more
20 Aug 2018 16:13

BlackRock Holds 5% Stake In XP Power After Transaction (ALLISS)

LONDON (Alliance News) - XP Power Ltd on Monday said BlackRock Inc now holds a 5.0% interest in the power supplies company.Prior to Friday's transaction, BlackRock's holding was in

Read more
30 Jul 2018 09:58

XP Power begins second half with 'strong' order book

(Sharecast News) - XP Power reported a strong first half performance on Monday, with continued momentum in orders and revenues as new design wins enter production amidst a buoyant global market for capital equipment.

Read more
23 Jul 2018 16:02

UK Earnings, Trading Statements Calendar - Next 7 Days

Tuesday 24 July IG Group HoldingsFull Year ResultsDrax GroupHalf Year Year Year Year Year

Read more
15 Jun 2018 15:02

DIRECTOR DEALINGS: XP Power Asia Vice President Sells Shares

LONDON (Alliance News) - XP Power Ltd said Friday Executive Vice President for Asia Andy Sng Seng Kok sold shares worth over GBP150,000 on Wednesday and Thursday.700 shares were sold at on

Read more
10 May 2018 13:55

XP Power Buys US Firm Glassman High Voltage For USD44.5 Million

LONDON (Alliance News) - XP Power said Thursday that it has bought US power supplies manufacturer Glassman High Voltage Inc for USD44.5 million in cash.The transaction, which is scheduled

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.