Xp Power Regulatory News (XPP)

11 October 2013 XP Power Limited ("XP Power" or "the Group") Interim Management Statement XP Power, a world leading developer and manufacturer of critical power controlsub-assemblies for the electronics industry, is today issuing an InterimManagement Statement for the quarter ended 30 September 2013. Trading The trading environment in the third quarter has been positive, with revenuesincreased by 11% year on year. In constant currency the increase was 10%. Revenues for the nine months ended 30 September 2013 increased by 7% over thesame period in 2012. In constant currency the increase was 6%. The business is again displaying forward momentum with order intake for thethird quarter exceeding the third quarter revenue. We therefore expect a modestsequential improvement in revenues for the second half as a whole. Financial Position Net debt was £6.0 million at 30 September 2013 compared to £10.6 million at 31December 2012. Using the exchange rates prevailing at 31 December 2012, netdebt at 30 September 2013 was £5.9 million. Dividend A dividend of 13 pence per share for the third quarter will be paid on 10January 2014 to shareholders on the register at 13 December 2013. This bringsthe total dividend for the first three quarters of 2013 to 36 pence per sharerepresenting a 9% increase over the 33 pence per share paid in respect of thefirst three quarters of 2012. Outlook There are encouraging signs that global demand for the capital equipmentmanufactured by our customers is growing again. XP Power is benefitting from these improving market conditions as end userstake advantage of the low cost of funds to invest in new equipment,incorporating the latest technologies, to improve their productivity. Thispositive trend is being complimented by market share gains as our portfolio ofindustry leading power technology products is designed into new equipment byour target customers. XP Power will issue a trading update for the 12 months to 31 December 2013 on10 January 2014. - Ends - Enquiries: XP PowerDuncan Penny, Chief Executive +44 (0)7776 178 018Jonathan Rhodes, Finance Director +44 (0)118 976 5074 Citigate Dewe RogersonKevin Smith/Jos Bieneman +44 (0)20 7638 9571 Note to editors XP designs and manufactures power controllers, the essential sub assembly inevery piece of electrical equipment that converts the power from theelectricity grid into the right form for the equipment to function. XP typically designs in power control solutions into the end products of majorblue chip OEMs, with a focus on the industrial (circa 45% of sales), healthcare(circa 30% sales) and technology (circa 25% of sales) sectors. Once designedinto a program, XP has a revenue annuity over the life cycle of the customer'sproduct which is typically 5 to 7 years depending on the industry sector. XP has invested in research and development and its own manufacturingfacilities in China and Vietnam, to develop a range of up to date productsbased on its own intellectual property that provide its customers withsignificantly improved functionality and efficiency. Headquartered in Singapore and listed on the Main Market of the London StockExchange since 2000, XP serves a global blue chip customer base from 27locations in Asia, Europe and North America.