XP Power Limited (XPP.L) issued a trading update for the first quarter ended 31 March 2024. On a constant currency basis, first quarter revenue was 64.6 million pounds, 15% lower than last year. Order intake was 43.7 million pounds, 27% lower than last year. Net debt at 31 March 2024 was 103.4 million pounds.
Looking forward, XP Power said its second quarter revenue is likely to be slightly lower than first quarter due to ongoing customer destocking. The Group's full year expectations are unchanged.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.