XP Power (LON:XPP) - Q1 order improvement

Thursday, Apr 12 2012 by

Apr 12th 2012 - Edison Investment Research today published a report on XP Power (XPP.L, LSE:XPP, LON:XPP) entitled "Q1 Order Improvement". In summary, the report says:

XP reported a 10% y-o-y decline in Q1 revenues, in line with our expectations. Stronger order intake in Q1 should support higher Q2 revenues, in line with our forecast for growing orders and revenues through the course of 2012. Consequently we maintain our forecasts. XP continues to deliver on its strategy of growing its in-house design and manufacturing and this will continue to drive margins over the forecast period. With much of the weaker trading environment factored into the share price, we view the stock as undervalued versus peers.

About Edison Investment Research

Edison Investment Research


Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »