Despite a tough trading environment in Q3, XP Power saw improving order flow and a book-to-bill ratio of 1.04x for the quarter and management anticipates meeting its FY19 expectations. Helped by currency, our FY19 revenue forecast appears conservative but in the face of volatile trading conditions, we maintain our estimates.
10 Oct 2019
XP Power - Q3 order intake encouraging
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XP Power - Q3 order intake encouraging
XP Power Ltd. (XPP:LON) | 1,072 257.3 2.3% | Mkt Cap: 253.9m
- Published:
10 Oct 2019 -
Author:
Katherine Thompson -
Pages:
3
Despite a tough trading environment in Q3, XP Power saw improving order flow and a book-to-bill ratio of 1.04x for the quarter and management anticipates meeting its FY19 expectations. Helped by currency, our FY19 revenue forecast appears conservative but in the face of volatile trading conditions, we maintain our estimates.