XP Power Ltd (XPP) – healthy cash generation continues to support an attractive dividend
The leading developer and manufacturer of critical power control components for the electronics industry, announced positive interim results for the six months ended 30 June 2015. This excellent business continues to deliver plenty of cash supporting a 4% yield.
XP Power designs and manufactures power converters – components which convert power into the right form for individual customers’ needs, allowing their electronic equipment to function. XP Power supplies the healthcare, industrial and technology industries with this mission critical equipment. Significant, long term investment into research and development means that XP Power’s products frequently offer significantly improved functionality and efficiency. Group revenue increased 7% to £53.9m with pre-tax profit up to £12.6m compared with £12.2m for the 6 months ending June 2014. While gross margin decreased to 49.4% (2014: 49.8%) this was due to start-up costs for the Group’s new…