Xp Power Regulatory News (XPP)

10 April 2015 XP Power Limited ("XP Power" or "the Group") Trading Update XP Power, one of the world's leading developers and manufacturers of criticalpower control components to the electronics industry, is today issuing atrading update for the quarter ended 31 March 2015. Trading Trading in the first quarter has been encouraging. Group revenues in the threemonths to 31 March 2015 were £25.6 million (2014: £24.4 million) up 5% fromthose achieved in the same period a year ago. In constant currency revenueswere the same as in the prior year. Whilst the weaker Euro has had a negativeimpact this has been more than compensated for by the stronger US Dollar. Order intake in the quarter was also strong at £27.9 million (2014: £26.9million) up 4% on the same period in the prior year. Financial Position Net cash was £nil million at 31 March 2015 compared with £1.3 million at theyear end. Dividend A dividend for the first quarter of 13 pence per share, an 8% increase over theprior year, will be paid on 9 July 2015 to shareholders on the register at 12June 2015 (2014: 12 pence per share). Outlook The Group has made a good start to its financial year, with the positivemomentum in the order intake experienced in the second half of 2014 continuinginto the first quarter. We therefore maintain our guidance that we would expectto grow revenues in line with expectations in 2015. XP will issue its interim results for the six months to 30 June 2015 on 27 July2015. - Ends - Enquiries: XP PowerDuncan Penny, Chief Executive +44 (0)7776 178 018Jonathan Rhodes, Finance Director +44 (0)118 976 5074 Citigate Dewe Rogerson +44 (0)20 7638 9571Kevin Smith/Jos Bieneman Note to editors XP designs and manufactures power controllers, the essential hardware componentin every 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 tailored products basedon its own intellectual property that provide its customers with significantlyimproved 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 29locations in Europe, North America and Asia.