XP Power is a leading international provider of essential power control solutions.

Our purpose

We power the world’s critical systems.

Our Vision

To be the first choice power solutions provider delivering the ultimate experience for our customers and our people.

OUR CORE VALUES

Our progression from a specialist distributor, to designer, to design manufacturer demonstrate our core values in action. This shift demonstrates a clear customer focus and commitment to supporting their needs. We have strengthened our knowledge, acted with speed and flexibility whilst maintaining integrity.

integrity

knowledge

flexibility

speed

Customer focus

HIGHLIGHTS

Financial

Operational

OUR INVESTMENT PROPOSITION

Our products

Every piece of electronic equipment requires a power converter to operate.

semiconductor equipment manufacturing

  • Deposition
  • Etch
  • Wafer handling
  • Ion implantation
  • Semiconductor test

Technology

  • High end computing
  • Broadcast
  • Displays
  • Communications
  • Security

Healthcare

  • Imaging
  • Patient monitoring
  • Life science
  • Robotic surgical tools
  • Home healthcare
  • Diagnostic equipment

industrial electronics

  • 3D printing
  • Process control
  • Analytical instruments
  • Smart grid
  • Transport
  • Renewal energy
>

Performance

We have made significant progress towards the achievement of our vision of being the first choice power solutions provider, delivering the ultimate experience to our customers and our people.

Chairman's Statement

We delivered a resilient performance in 2019 despite facing a number of challenges. While growth in our Healthcare, Industrial Electronics and Technology markets remained robust, this was offset by a cyclical slowdown in the Semiconductor Equipment Manufacturing market and pressure on gross margins. Despite these headwinds we grew order intake and revenues over prior years, continued to win new designs and made good strategic progress.

JAMES PETERS

Chairman

Operational Review

We continued to make good progress with the execution of our strategy, putting the business on a stronger footing to grow in the future by continuing to improve our product life cycle management procedures and upgrading our processes and systems in our sales organisations in Asia, Europe and North America.

DUNCAN PENNY

Chief Executive Officer

Financial Review

We continue to invest in our business and people, whilst still being able to deliver strong year-on-year profit growth.

GAVIN GRIGGS

Chief Financial Officer