Final Results

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[{"type":"text","content":"\n \n\n\n\n1 March 2018\n\n\n\nXP Power Limited(“XP Power” or “the Group” or the “Company”)\n\nAnnual Results for the year ended 31 December 2017\n\nXP Power, one of the world's leading developers and manufacturers of critical power control components for the electronics industry, today announces its annual results for the year ended 31 December 2017.\n\n\n\n\n2017\n2016\nChange\n\n\n\nHighlights\n\n\n\n\n\n\nOrder intake\n£184.3m\n£133.5m\n+38%\n\n\n\nRevenue\n£166.8m\n£129.8m\n+29%\n\n\n\nGross margin\n46.5%\n47.8%\n-130bps\n\n\n\nFinal dividend per share\n29.0p\n26.0p\n+12%\n\n\n\nTotal dividend per share\n78.0p\n71.0p\n+10%\n\n\n\nAdjusted\n\n\n\n\n\n\nAdjusted profit before tax1\n£36.1m\n£28.6m\n+26%\n\n\n\nAdjusted profit attributable to equity holders2\n£28.5m\n£22.1m\n+29%\n\n\n\nAdjusted diluted earnings per share2\n 147.0p\n 115.3p\n+27%\n\n\n\nReported\n\n\n\n\n\n\nOperating cash flow\n£29.7m\n£27.9m\n+6%\n\n\n\nNet (debt)/cash\n£(9.0)m\n£3.7m\nN/A\n\n\n\nProfit before tax\n£32.2m\n£27.8m\n+16%\n\n\n\nProfit attributable to equity holders\n£28.3m\n£21.3m\n+33%\n\n\n\nDiluted earnings per share\n146.0p\n111.2p\n   +31%\n\n\n\n1Adjusted for £3.3 million (2016: £0.4 million) for acquisition costs, both completed and aborted and intangibles amortisation of £0.6 million (excluding amortisation for Development costs) (2016: £0.4 million)\n\n2Adjusted for £3.3 million (2016: £0.4 million) for acquisition costs, both completed and aborted, intangibles amortisation of £0.6 million (excluding amortisation for Development costs) (2016: £0.4 million) and non-recurring tax benefits of £3.7 million (2016: nil)\n\n\nRecord order intake, revenues and earnings achieved in 2017\n\nOrder intake of £184.3 million (2016: £133.5 million) – an increase of 38% (31% in constant currency)\n\nFull year revenues increased by 29% (22% in constant currency) to £166.8 million (2016: £129.8 million)\n\nGrowth in all industry sectors and geographies\n\nAcquisition of Comdel adds Radio Frequency power capability to our product portfolio expanding our available market\n\nRevenues from XP Power’s own-designed products increased by 34% (24% in constant currency) to £127.4 million (2016: £95.3 million) to reach a record 76% of total revenue (2016: 73%)\n\nSales of high efficiency XP “Gre...

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