Annual Results for the year ended 31 December 2018

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[{"type":"text","content":"\n \n\n\n\n5 March 2019\n\n\n\nXP Power Limited\n\n(“XP Power” or “the Group” or the “Company”)\n\nAnnual Results for the year ended 31 December 2018\n\nXP Power, one of the world's leading developers and manufacturers of critical power control components for industrial, healthcare, semiconductor and technology markets, today announces its annual results for the year ended 31 December 2018.\n\n\n\n\n2018\n2017\nChange\n\n\n\nOrder intake\n£198.4m\n£184.3m\n+8%\n\n\n\nRevenue\n£195.1m\n£166.8m\n+17%\n\n\n\nGross margin\n47.3%\n46.5%\n+80bps\n\n\n\nFinal dividend per share\n33.0p\n29.0p\n+14%\n\n\n\nTotal dividend per share\n85.0p\n78.0p\n+9%\n\n\n\nAdjusted\n\n\n\n\n\n\nAdjusted profit before tax1\n£41.2m\n£36.1m\n+14%\n\n\n\nAdjusted profit attributable to equity holders2\n£33.9m\n£28.8m\n+18%\n\n\n\nAdjusted diluted earnings per share2\n172.8p\n147.0p\n+18%\n\n\n\nReported\n\n\n\n\n\n\nOperating cash flow\n£26.7m\n£29.7m\n-8%\n\n\n\nNet debt\n£52.0m\n£9.0m\nN/A\n\n\n\nProfit before tax\n£37.6m\n£32.2m\n+17%\n\n\n\nProfit attributable to equity holders\n£30.2m\n£28.3m\n+7%\n\n\n\nDiluted earnings per share\n154.9p\n146.0p\n+6%\n\n\n\n1Adjusted for acquisition costs, both completed and aborted, of £0.6 million (2017: £3.3 million), costs related to Enterprise Resource Planning (ERP) implementation of £0.2 million (2017: £nil) and amortisation of intangible assets due to business combination of £2.8 million (2017: £0.6 million)\n\n2Adjusted for acquisition costs, both completed and aborted of £0.6 million (2017: £3.3 million), costs related to ERP implementation of £0.2 million (2017: £nil) and amortisation of intangible assets due to business combination of £2.8 million (2017: £0.6 million) and non-recurring tax benefits of £0.1 million (2017: £3.7 million)\n\n·     Record order intake, revenues and earnings achieved in 2018\n\n·     Order intake of £198.4 million (2017: £184.3 million) – an increase of 8% (12% in constant currency or 5% on a like for like basis)\n\n·      Full year revenues increased by 17% (21% in constant currency and 11% on a like for like basis) to £195.1 million (2017: £166.8 million)\n\n·     Revenues from our own-designed products set a new record of £155.3 million in t...

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