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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