XP saw a strong finish to the year, with Q4 revenue growth of 16% y-o-y and order growth of 24% y-o-y, resulting in FY17 revenues slightly ahead of our forecast. Good demand across all sectors and geographies was boosted by a strong contribution from the recent Comdel acquisition. Management expects continued growth in FY18; we maintain our forecasts which, based on current momentum, could prove conservative.
12 Jan 2018
XP Power - Strong demand continues into Q4
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XP Power - Strong demand continues into Q4
XP Power Ltd. (XPP:LON) | 1,086 325.8 2.8% | Mkt Cap: 257.2m
- Published:
12 Jan 2018 -
Author:
Katherine Thompson -
Pages:
3
XP saw a strong finish to the year, with Q4 revenue growth of 16% y-o-y and order growth of 24% y-o-y, resulting in FY17 revenues slightly ahead of our forecast. Good demand across all sectors and geographies was boosted by a strong contribution from the recent Comdel acquisition. Management expects continued growth in FY18; we maintain our forecasts which, based on current momentum, could prove conservative.