Oct 09th 2012 - Edison Investment Research today published a report on XP Power (XPP.L, LSE:XPP, LON:XPP) entitled "Trading Still Challenging". In summary, the report says:
XP reports that in Q3 the trading environment remained challenging, with Q3 revenues weaker than a year ago. While orders have picked up from the low level of Q411, H2 revenues are now likely to show slower sequential growth than we had expected, hence we revise down our revenue and EPS forecasts for FY12 and FY13. XP should still generate operating margins in excess of 20% for both years and should be able to significantly pay down debt. Upside from this point depends on a sustained uptick in bookings from all market segments.
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