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.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
For comments and feedback contact: editorial@rttnews.com
Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.