XP Power Limited orders in the fourth quarter improve by 30%

  • Jan 13, 2020 GMT
  • Team Kalkine

XP Power Limited (LON: XPP) has released a trading update for the fourth quarter and year ended 31 December 2019.

  • The company witnessed improvement in all its sectors, orders in the fourth quarter improved by 30 per cent (29 per cent on CER basis) to £58.6 million as compared to £45.1 million in the fourth quarter of the previous year.
  • Orders year to date improved by 8 per cent (4 per cent on CER basis) to £215.1 million as compared to £ 198.4 million in the same period the previous year.
  • Revenues for the fourth quarter declined by 3 per cent to £47.7 million, as compared to £49.0 million in the fourth quarter of the previous year.
  • On 13th January 2020, at the time of writing, GMT 08:20 AM, XPP shares were trading at GBX 3,260.00, up by 50.00 points or 1.56% against the previous day closing price.

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