XP Power H121 results – executive interview

Published on 3 August 2021

In this interview, CEO Gavin Griggs and recently appointed CFO Oskar Zahn discuss XP Power’s H121 results. Gavin discusses the company’s strong performance, which was set against a tough comparative, highlighting strong growth in orders from the semiconductor equipment manufacturing and industrial technology markets, while the exceptional demand for COVID-related healthcare equipment has receded. Oskar outlines XP’s financial performance in H121: revenue up 23% and orders up 17% y-o-y in constant currency, resulting in gross and operating margin expansion and diluted EPS up 33% y-o-y. He also confirms that XP anticipates it will modestly exceed consensus expectations for FY21. On ESG, Oskar gives an update on the company’s strategy. Gavin discusses the short- and medium-term drivers for the business, injecting a note of caution around COVID and component shortages, but also expressing confidence in the company’s ability to gain market share in the medium term.

XP Power is a developer and designer of power control solutions with production facilities in China, Vietnam and the US, and design, service and sales teams across Europe, the US and Asia

Share this with friends and colleagues