XP Power Sees Q3 Growth Amidst Market Headwinds

XP Power (GB:XPP) has released an update.

XP Power, a leading manufacturer of power control components, reported Q3 2024 revenue of £60.2m, in line with expectations, despite currency headwinds impacting profits. The company saw a positive turnaround in order intake, with a notable 11% year-over-year increase in constant currency, largely driven by the Semiconductor Manufacturing Equipment sector. The financial outlook remains cautious but within analyst expectations, as the company anticipates an improvement in Q4 trading.

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