Download full report with analyst certification and important disclosures
Aug 6 2024, 08:44 IST/BST
XP Power
Self-help improvement
- Sectors : Capital Goods
- Companies : XP Power
DAVY VIEW
XP Power has delivered H1 profits ahead of expectations and better-than-expected net debt. Full year guidance has been reiterated, with the H1 profit beat reducing the H2 weighting and de-risking our below-consensus forecasts. Destocking continues to be lumpy by customer and is now expected to finish during Q324, slightly later than previously expected. The semi-conductor recovery remains set for momentum to steadily build through H2.
