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XP Power Trading Update

XP Power is a developer and designer of power control solutions, with production facilities in China, Vietnam and the United States and design, service and sales teams across Europe, the United States and Asia. Previously flagged supply chain issues (production constraints, reduced freight capacity) meant that the company was not able to ship as much product as initially expected. While supply chain issues weighed on the production and shipment of product, order intake across all end markets remained strong with orders worth £88.6m received in Q421 resulting in FY21 orders totalling £343.4m, up 33% y-o-y or 43% at constant currency and ahead of Edison Group's £327.7m forecast.

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