REG-XP Power Ltd: Trading Statement <Origin Href="QuoteRef">XPP.L</Origin>

XP PowerAnnouncement

10/04/2015 07:13

10 April 2015

                               XP Power Limited                                

                          ("XP Power" or "the Group")                          

                                Trading Update                                 

XP Power, one of the world's leading developers and manufacturers of critical
power control components to the electronics industry, is today issuing a
trading update for the quarter ended 31 March 2015.

Trading

Trading in the first quarter has been encouraging. Group revenues in the three
months to 31 March 2015 were £25.6 million (2014: £24.4 million) up 5% from
those achieved in the same period a year ago. In constant currency revenues
were the same as in the prior year. Whilst the weaker Euro has had a negative
impact this has been more than compensated for by the stronger US Dollar.

Order intake in the quarter was also strong at £27.9 million (2014: £26.9
million) up 4% on the same period in the prior year.

Financial Position

Net cash was £nil million at 31 March 2015 compared with £1.3 million at the
year end.

Dividend

A dividend for the first quarter of 13 pence per share, an 8% increase over the
prior year, will be paid on 9 July 2015 to shareholders on the register at 12
June 2015 (2014: 12 pence per share).

Outlook

The Group has made a good start to its financial year, with the positive
momentum in the order intake experienced in the second half of 2014 continuing
into the first quarter. We therefore maintain our guidance that we would expect
to grow revenues in line with expectations in 2015.

XP will issue its interim results for the six months to 30 June 2015 on 27 July
2015.

                                   - Ends -                                    

Enquiries:

XP Power
Duncan Penny, Chief Executive            +44 (0)7776 178 018
Jonathan Rhodes, Finance Director        +44 (0)118 976 5074

Citigate Dewe Rogerson                   +44 (0)20 7638 9571
Kevin Smith/Jos Bieneman


Note to editors

XP designs and manufactures power controllers, the essential hardware component
in every piece of electrical equipment that converts the power from the
electricity grid into the right form for the equipment to function.

XP typically designs in power control solutions into the end products of major
blue chip OEMs, with a focus on the industrial (circa 45% of sales), healthcare
(circa 30% sales) and technology (circa 25% of sales) sectors. Once designed
into a program, XP has a revenue annuity over the life cycle of the customer's
product which is typically 5 to 7 years depending on the industry sector.

XP has invested in research and development and its own manufacturing
facilities in China and Vietnam, to develop a range of tailored products based
on its own intellectual property that provide its customers with significantly
improved functionality and efficiency.

Headquartered in Singapore and listed on the Main Market of the London Stock
Exchange since 2000, XP serves a global blue chip customer base from 29
locations in Europe, North America and Asia.



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