XP Power Limited Reports Revenue Results for Fourth Quarter and Year Ended December 31, 2018; Provides Revenue Outlook for the Year 2019
Revenue for the twelve months ended 31 December 2018 was £194.8 million, an increase of 17% year-on-year, or 21% in constant currency. On a like for like basis excluding acquisitions, reported revenue for 2018 was £172.8 million up 7% on 2017.
While the company is not immune from macroeconomic conditions, the company is encouraged by its ongoing new design wins and healthy order book. On this basis and with the benefit of the Glassman acquisition, the company expects further revenue growth in financial year 2019.