In the process of upgrading its group-wide ERP system, XP Power suffered some short-term disruptions to shipments from mid-October to mid-November. While shipments have returned to normal levels, the company expects a revenue shortfall of c £6m for FY19, with a consequent impact on earnings. We have revised our FY19 forecasts resulting in a 10.7% reduction in our normalised EPS forecast. As order intake has been robust so far this quarter, we maintain our FY20 estimates.
11 Dec 2019
XP Power - Temporary supply issues cause Q4 shortfall
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XP Power - Temporary supply issues cause Q4 shortfall
XP Power Ltd. (XPP:LON) | 1,086 325.8 2.8% | Mkt Cap: 257.2m
- Published:
11 Dec 2019 -
Author:
Katherine Thompson -
Pages:
3
In the process of upgrading its group-wide ERP system, XP Power suffered some short-term disruptions to shipments from mid-October to mid-November. While shipments have returned to normal levels, the company expects a revenue shortfall of c £6m for FY19, with a consequent impact on earnings. We have revised our FY19 forecasts resulting in a 10.7% reduction in our normalised EPS forecast. As order intake has been robust so far this quarter, we maintain our FY20 estimates.