|
XP Power Ltd on Tuesday said it has ‘increasing confidence’ heading into next year, as it reported an increase in third-quarter order intake. The Singapore-based maker of power control systems said its order intake increased 13% to £55.3 million in the third quarter of 2025 from £48.8 million a year prior. XP Power said this growth was driven by slower customer destocking in the industrial technology and healthcare sectors. Revenue decreased 4.3% to £57.6 million from £60.2 million. XP Power said quarterly operating profit ‘increased materially’ from the second quarter of 2025, with ‘improved trading and efficiency actions driving healthy sequential progress.’ The company said it expects this growth to be sustained into the fourth quarter, with it anticipating ‘full year profit in line with current market expectations.’ XP Power noted consensus expectations for full year adjusted operating profit of £17.4 million. This compares with £25.1 million a year prior. XP Power added: ‘These run rates provide increasing confidence going into 2026 in what we expect to remain cautious end-markets.’ Shares in XP Power rose 3.7% to 1,037.25 pence on Tuesday afternoon in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
