skip to content

Trading statements

XP Power says FY reported revenues in line

09 January 2015 07:37

XP Power said its FY revenues were ahead by 5% in constant currency and in line with those achieved in 2013 on a reported basis.

"Our North American business has shown strong momentum whereas trading conditions in Europe remain subdued. Despite the mixed global economic conditions that prevailed in the year we achieved record order intake in 2014 and enter 2015 with a strong order backlog," the company said.

"Our manufacturing facility in China achieved record shipments and this performance was reflected in strong factory loading which should result in higher gross margins for 2014 than those achieved in 2013.

"This increase will be achieved even after the start-up costs incurred in producing the first complete power converters in our Vietnamese facility, which we are pleased to report was achieved on schedule during the fourth quarter."

Story provided by

Related Company: XPP

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?


Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.