XP Power’s Q1 trading update confirmed continuing positive momentum in order intake. Orders received were 9% higher on a year-on-year and quarter-on-quarter basis. With Q1 revenue growth of 18% y-o-y, book-to-bill remained strong at 1.1x. We have revised our revenue forecasts to take account of the higher than expected performance in Q1, resulting in an upgrade to forecast normalised EPS of 7.7% in FY18 and 7.6% in FY19.
13 Apr 2018
XP Power - Strong Q1 drives forecast upgrades
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
XP Power - Strong Q1 drives forecast upgrades
XP Power Ltd. (XPP:LON) | 1,054 274 2.5% | Mkt Cap: 249.6m
- Published:
13 Apr 2018 -
Author:
Katherine Thompson -
Pages:
3
XP Power’s Q1 trading update confirmed continuing positive momentum in order intake. Orders received were 9% higher on a year-on-year and quarter-on-quarter basis. With Q1 revenue growth of 18% y-o-y, book-to-bill remained strong at 1.1x. We have revised our revenue forecasts to take account of the higher than expected performance in Q1, resulting in an upgrade to forecast normalised EPS of 7.7% in FY18 and 7.6% in FY19.