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XP Power – 2023 results, how much “progress” really?…

By Steve Moore | Tuesday 5 March 2024


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Considering itself “one of the world's leading developers and manufacturers of critical power control solutions for the Industrial Technology, Healthcare and Semiconductor Manufacturing Equipment sectors”, XP Power (XPP) has announced its results for the 2023 calendar year with the headline “Strategic progress in a challenging year”. With the shares currently at 1040p, how does the “progress” look?
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