XP Power (XPP); group revenue increases 1% year-on-year

Published on 15-04-2019 07:16:14
Author Sparks Team

For the three months ended 31 March 2019, group revenue increased 1% year-on-year, on a reported basis, but fell 5% in constant currency terms. Like-for-like revenue fell 12%, while order intake improved 7% during the period to £54.6m on a reported basis. However, revenue fell 4% on a like-for-like basis.

During the period, the industrial, healthcare and technology sectors reported good revenue growth. Both order intake and revenue growth slowed in the semiconductor manufacturing equipment sector, impacted by a widely reported slowdown. The board announced a dividend of 17p per share, which is up 6% year-on-year.

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