An update from XP Power ( (GB:XPP) ) is now available.
XP Power reported its 2024 full-year results, highlighting a challenging market environment with a 22% revenue decline due to destocking in key sectors and a semiconductor market downcycle. Despite these challenges, the company maintained its market position, improved operational efficiency, and reduced net debt. A £40m share placing was launched to strengthen the capital structure amid uncertain market recovery timing. The company remains optimistic about long-term growth, supported by a strong product pipeline and improved supply chain efficiency.
More about XP Power
XP Power is a leading developer and manufacturer of power control solutions, serving the Semiconductor Manufacturing Equipment, Industrial Technology, and Healthcare sectors. The company designs power controllers that convert electricity into the correct form for equipment functionality, focusing on major blue-chip OEMs. Headquartered in Singapore and listed on the London Stock Exchange, XP Power operates globally with manufacturing facilities in Vietnam, China, North America, and Germany.
YTD Price Performance: -21.29%
Average Trading Volume: 38,290
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £241.8M
For detailed information about XPP stock, go to TipRanks’ Stock Analysis page.