Leading International Investment Research

Edison Investment Research

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Leading International Investment Research, Edison Investment Research

Equity Bottom-Up

<p>XP Power had a strong finish to 2016, with good order intake in Q416 and underlying revenue growth ahead of our forecast, boosted by the strength of the dollar versus sterling.  Year-end net cash was higher than we forecast. The company expects to generate revenue growth in FY17 &ndash; we leave our forecasts unchanged pending the company&rsquo;s FY16 results.</p>

XP Power had a strong finish to 2016, with good order intake in Q416 and underlying revenue growth ahead of our forecast, boosted by the strength of the dollar versus sterling.  Year-end net cash was higher than we forecast. The company expects to generate revenue growth in FY17 &ndash; we leave our forecasts unchanged pending the company&rsquo;s FY16 results.

XP Power Ltd

Strong trading in Q4