XP Power Ltd. reported group interim management results for the first quarter ended March 31, 2013. For the quarter, group revenues were in line with those achieved in the same period a year ago albeit at slightly better margins due to improved factory utilization. Net debt was GBP 10.4 million at March 31, 2013 compared to GBP 10.6 million at the year end.

A dividend for the first quarter of 11 pence per share, a 10% increase over the prior year, compared to 10 pence per share in 2012, and dividend will be paid on July 10, 2013 to shareholders on the register at June 14, 2013.

The company reiterated the guidance given at that time that full year 2013 revenues are likely to be flat or only modestly increased over 2012.