Last results showing the turn around and recovery in the fortunes of this supplier to the mid tier Electronics companys.

RNS Number:3149O
XP Power PLC
05 August 2003

Embargoed until 0700 5 August 2003

XP Power plc
("XP" or "the Group")

Interim Results for the six months ended 30 June 2003

XP, one of the world's leading providers of power supply
solutions to the mid-tier of the electronics industry, today
announces its interim results for the six-month period ended
30 June 2003.

Highlights

Six months Six months
ended ended
30 June 2003 30 June 2002

Profit and loss (refer
to page 4 of 9)

Turnover #29.1M #33.0M
Turnover
Gross profit #9.7M #10.2M
Gross margin 33.3% 30.9%

Profit before tax #0.9M #0.2M
Profit before tax and
goodwill amortisation #1.7M #0.9M
Basic and diluted
earnings per share 2.0p (1.0)p
Diluted earnings per
share adjusted for
goodwill amortisation 5.9p 2.9p
Interim dividend per share 5.0p 5.0p


Cash flow (refer to
page 6 of 9 )

Cash inflow #0.7M #2.8M
Free cash flow #3.0M #4.4M


- Profit before tax and amortisation of goodwill up 89% to
#1.7 million

- Third successive half year period of earnings per share
improvement

- Sixth successive half year period of improvement in gross
margin percentage due to further development of XP own brand
product range

- Continental European operations now at break even

- Free cash flow of #3.0 million generated in the period

Larry Tracey, Executive Chairman commented: "XP is soundly
positioned in this tough environment. Costs have been
vigorously managed and efficiency gains achieved whilst we
have simultaneously expanded our geographical sales presence
and product offering. Our expectation is for the current
challenging market conditions to persist for the immediate
future. However, we continue to outperform the competition and
we believe that the benefits of focusing on our own XP brand
will put us in a strong position to further increase gross
margins and benefit from an upturn."

Enquiries:

XP Power plc 0118 976 5028
Larry Tracey, Executive Chairman
James Peters, Deputy Chairman
Duncan Penny, Chief Executive Officer

Weber Shandwick Square Mile 020 7067 0700
Kevin Smith or Sally Lewis


Notes to editors:

XP Power plc, formerly IFX Power plc, provides power supply
solutions to the mid-tier market of the electronics industry.

All electronic equipment needs a power supply. Power supplies
convert the incoming AC supply into various levels of DC
voltages to drive electronic components and sub-assemblies
within the end user's equipment. By servicing this market XP
Power provides investors with access to technology and
industrial markets through its 8,000 strong customers in the
profitable, high margin, mid-tier sector of the North American
and European markets.

The mid-tier of the market is highly fragmented and made up of
a large number of small to medium sized Original Equipment
Manufacturers who source standard and modified standard power
supplies from several hundred power supply companies.

For further information, please visit www.xppower.com ENDS.

Looks like we have a very interesting recovery/growth story in place.

DYOR and please be happy with your findings.

gf.

Interesting, wish I had looked at this 1 a year ago.

Thanks GF, you've been busy today, you bored with Spain?

Girlfreinds gone shopping with the neighbour to Barcelona, so it was either a full day in a bar or a full day on the PC.

Still like the look of Medical Marketing. Cant get it off the brain, will have to do a lot more research. See ya later.

cheers Gf.

Rentered this one. made a fantastic profit at 508p last time, so im hoping for some of the same again.

cheers GF.

Locked a few bobs worth of profit in here.

Think they will still do well though.

cheers GF.

XP DIVES ON PROFIT WARNING!


CLICK HERE

Interesting movement on this one over the last week, not featured on the board for a while so I thought I would give it a mention, not holding at the moment. Has anyone else got a view on this stock?

Interim Management Statement.

I think we can safely call this a breakout. I watched this last week but didn't buy any. doh !

XP Power surges by more than 6 percent as broker Westhouse Securities raises its rating on the power supply solutions company to "strong buy" from "buy", following a recent dip in XP Power's share price.

Short-term trader David Schwartz has just bought shares in XP Power (XPP), a designer and manufacturer of power converters. These are devices that allow electronic equipment to operate efficiently.

XP Power shares were in the 1,600-2,000p range during the first half of 2011. But investors ran for cover after the level of new orders began to slip in mid-year. The slowdown eventually caused lower profits in the first half of 2012.

But the company’s order rate is now spiking higher. 'I expect second-half results to be much higher than last year’s figures,' he says.

Even better, XP Power is quite optimistic about its future. It recently launched 10 product lines. It brags about its strong design win record in the current year. The share of revenues derived from products manufactured internally is rising. These are more profitable than those manufactured externally. Its new factory in Vietnam has just come on stream, which will also help to increase margins.

The dividend has just increased and now approaches 5 per cent.

'I was impressed by the 8 per cent gain last Monday when first-half results were released. Recall that the FTSE 100 fell 118 points on the


Read more: http://www.thisismoney.co.uk/money/markets/article-2180575/Sunday-newspaper-share-tips-Centrica-XP-Power.html#ixzz22eoJCunN

Can't say the chart looks impressive DC! Declining tops on the recent downtrend in a rising market. Significant break below 950 would point to the old 800 support being retested so I am in with a small short to test this one out.

Did not invest here Bones , good luck with your short. :-))

XPP is doing the biz; chart break-out imminent



10 years of solid growth

Excellent interim statement this day

Divi up; debt down

Listen - XP Power - Half-yearly report

Click here to listen

XP Power (XPP) – cracking trading update from a superb business http://tinyurl.com/omer59y

XP Power announces positive interim results for the six months ended 30 June 2015.

This excellent business continues to deliver plenty of cash supporting a 4% yield.

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XP Power featured in our weekly round-up of announcements from AIM.

More at http://tinyurl.com/nfr2eks

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