XP entered FY20 with a strong order backlog, having managed the business through a number of issues in FY19. The COVID-19 virus represents a new challenge for the company – changes to the supply chain and the shift of some manufacturing to Vietnam should help to mitigate the risks. We have reduced our FY20 forecasts to reflect short-term supply chain issues. Longer term, it remains to be seen if the virus will have a more material impact on customer demand.
03 Mar 2020
XP Power - A testing year
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XP Power - A testing year
XP Power Ltd. (XPP:LON) | 1,086 325.8 2.8% | Mkt Cap: 257.2m
- Published:
03 Mar 2020 -
Author:
Katherine Thompson -
Pages:
18
XP entered FY20 with a strong order backlog, having managed the business through a number of issues in FY19. The COVID-19 virus represents a new challenge for the company – changes to the supply chain and the shift of some manufacturing to Vietnam should help to mitigate the risks. We have reduced our FY20 forecasts to reflect short-term supply chain issues. Longer term, it remains to be seen if the virus will have a more material impact on customer demand.