Executive interview: XP Power FY22 interim results

Published on 1 August 2022

In this interview, CEO Gavin Griggs and CFO Oskar Zahn discuss XP Power’s H122 results. They explain the challenges the company faced during the period, including component shortages, inflation, a COVID lockdown in China and logistics issues. These reduced the amount of product that XP Power could ship and pressured gross margins during H1. At the same time, the company saw strong demand from all sectors, with bookings up 18% y-o-y in constant currency and a record order book at the end of H1. With performance expected to improve in H2, the company has continued to invest in capacity across the business and recently acquired two high-voltage businesses in Germany. Gavin highlighted that despite short-term challenges, the medium- and long-term growth drivers are in place for the business.

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