XP Power (LON:XPP) - Conversion complete
Feb 25th 2013 - Edison Investment Research today published a report on XP Power (XPP.L, LSE:XPP, LON:XPP) entitled "Conversion Complete". In summary, the report says:
XP Power reported FY12 results substantially in line with our recently revised expectations. The company has completed its multi-year transformation from distributor to designer and manufacturer of power conversion solutions, enabling the generation of superior margins. The focus is now on gaining market share in XP’s three key end markets, aided by the improved quality control and customer support provided by the in-house design and manufacturing operations. XP trades at a discount to peers, despite its stronger profitability.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »
