XP Power (GB:XPP) has released an update.
XP Power Limited, a leading provider of power control solutions, reports a downturn in H1 2024 results with order intake and revenue down by 24% and 21% respectively, yet managing to outperform expectations through robust management actions. Despite the market slowdown, the company has improved cash flow, reduced net debt, and remains confident in recovering market conditions, sustaining its full-year profit outlook. The company’s strategic actions during this period have fortified its long-term potential and positioned it well for future growth as market demand returns.
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