XP Power reports ongoing decline in revenues but eyes recovery

XP Power, which makes power control components for the electronics industry, has posted an 11 per cent decline in revenues for the nine months ended September 30th compared to the same period the previous year, rising to 12 per cent on a constant currency basis.

XP Power, which makes power control components for the electronics industry, has posted an 11 per cent decline in revenues for the nine months ended September 30th compared to the same period the previous year, rising to 12 per cent on a constant currency basis.

The firm was hit by subdued global demand for the capital equipment manufactured by its customers, but believes the situation is looking up.

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