XP reported another robust quarter for order intake (+7% y-o-y, +38% q-o-q in constant currency), strengthening the backlog for the coming quarters. Demand from the semiconductor manufacturing sector remains strong and demand from the industrial technology sector has started to rebound, more than compensating for the moderation in orders from the healthcare sector. Management reiterates its outlook for underlying revenue growth in FY21 and we maintain our forecasts.
13 Apr 2021
XP Power - Order momentum maintained in Q1
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XP Power - Order momentum maintained in Q1
XP Power Ltd. (XPP:LON) | 1,054 -42.2 (-0.4%) | Mkt Cap: 249.6m
- Published:
13 Apr 2021 -
Author:
Katherine Thompson -
Pages:
3
XP reported another robust quarter for order intake (+7% y-o-y, +38% q-o-q in constant currency), strengthening the backlog for the coming quarters. Demand from the semiconductor manufacturing sector remains strong and demand from the industrial technology sector has started to rebound, more than compensating for the moderation in orders from the healthcare sector. Management reiterates its outlook for underlying revenue growth in FY21 and we maintain our forecasts.