Executive interview – XP Power FY21 results

Published on 1 March 2022

In this interview, CEO Gavin Griggs and CFO Oskar Zahn discuss XP Power’s FY21 results. They highlight that the company’s performance was achieved against a difficult backdrop. Challenges included component shortages (particularly in H2), a national lockdown in Vietnam and the need to shift from sea to air freight. Despite supply issues, XP Power saw a 43% constant currency increase in orders over the year and the company enters FY22 with a strong backlog. Gavin outlines how the company is benefiting from megatrends that include the proliferation of electronics, the under-provision of healthcare and innovation, and he gives an update on the company’s ESG strategy. He also highlights XP Power’s investment in new manufacturing capacity in Malaysia, underlining the growth prospects for the company in the medium term.

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