XP has seen an improving order trend through the course of Q316, with orders 44% above the Q315 intake and 9% above the record level reported in Q216 providing a strong backlog going into Q4. Management expects trading to be in line with expectations for FY16 and we leave our estimates unchanged.
07 Oct 2016
Strong orders support FY16 outlook
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Strong orders support FY16 outlook
XP Power Ltd. (XPP:LON) | 1,086 325.8 2.8% | Mkt Cap: 257.2m
- Published:
07 Oct 2016 -
Author:
Katherine Thompson -
Pages:
3
XP has seen an improving order trend through the course of Q316, with orders 44% above the Q315 intake and 9% above the record level reported in Q216 providing a strong backlog going into Q4. Management expects trading to be in line with expectations for FY16 and we leave our estimates unchanged.