XP Power – a tariff busting manufacturing powerhouse
The share price of XP Power, a leading manufacturer of critical power control components, has been in steady decline over the past few months on fears of a slowdown in one of its core markets. The latest results will hopefully have reassured the doubters that this remains a cracking business with plenty of growth to go for.
XP Power (LON:XPP) designs power control solutions into the end products of major blue-chip Original Equipment Manufacturers (‘OEMs’).
Our earlier Premium Research commentary here provides an in-depth look into this excellent company.
Results for the year ended 31 December 2018 saw revenue rise 17% to £195m, adjusted pre-tax profit climb 14% to £41.2m and adjusted earnings per share rise 18% to 172.8p. At the current share price of 2030p this equates to an historic price earnings multiple…
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