London · Delayed Price · Currency is GBP · Price in GBX XP Power Earnings Call Transcripts
Fiscal Year 2026
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Order intake surged 55% year-on-year, led by semiconductor sector growth and broad-based recovery across all regions and sectors. Gross margin and profitability improved, with robust order book visibility supporting strong H2 and full-year guidance. Leverage is expected to decline, enabling future dividend reinstatement.
Fiscal Year 2025
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Revenue declined year-on-year but improved in H2, with strong order intake and margin expansion. Strategic actions included exiting the RF market and completing the Malaysia facility, positioning for growth as end markets recover, especially in semiconductors.
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Orders surged 31% year-over-year and gross margin improved to 41.4% despite an 11% revenue decline, as operational efficiencies and cost reductions offset market headwinds. Destocking is ending in key sectors, with a stronger H2 2025 expected and robust new product and customer pipelines supporting future growth.
Fiscal Year 2024
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2024 saw revenue and orders decline due to sector-wide destocking, but operational efficiencies limited margin erosion and cash conversion was strong. Semiconductor orders rebounded, and a GBP 40 million share placing plus cost actions strengthened the balance sheet ahead of an anticipated H2 2025 recovery.
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First half results exceeded expectations despite sector-wide slowdowns, with strong cost control, improved cash conversion, and reduced debt. Early signs of market recovery are emerging, especially in semiconductors, and the business is well positioned for growth as destocking eases.