14 January 2014
XP Power, one of the world's leading developers and manufacturers of critical power control components for the electronics industry, is pleased to confirm the following dates in its 2013/14 Financial Calendar:
|24 February 2014||Results for the 12 months to 31 December 2013|
|7 April 2014||Annual General Meeting*
|11 April 2014||Q1 Interim Management Statement (trading for the three months to 31 March 2014)|
|28 July 2014||Interim results for the six months ended 30 June 2014
|10 October 2014||Q3 Interim Management Statement
(trading for the nine months ended 30 September 2014)
* In line with XP's normal practice no trading update will be issued at the AGM
XP Power pays dividends on a quarterly basis, with the decision on the level of any dividend taken by the Board in light of the Group's performance for the relevant financial period. Subject to this future confirmation by the Board, the dividend calendar for 2014 is as follows:
|Period||Record date||Payment date|
|Final dividend for 2013||14 March 2014||10 April 2014|
|First quarter dividend for 2014||13 June 2014||10 July 2014|
|Second quarter dividend for 2014||12 September 2014||10 October 2014|
|Third quarter dividend for 2014||12 December 2014||9 January 2015|
|Citigate Dewe Rogerson|
|Kevin Smith/Jos Bieneman||+44 (0)20 7638 9571|
Note to editors
XP designs and manufactures power controllers, the essential hardware component in every piece of electrical equipment that converts the power from the electricity grid into the right form for the equipment to function.
XP typically designs in power control solutions into the end products of major blue chip OEMs, with a focus on the industrial (circa 45% of sales), healthcare (circa 30% sales) and technology (circa 25% of sales) sectors. Once designed into a program, XP has a revenue annuity over the life cycle of the customer's product which is typically 5 to 7 years depending on the industry sector.
XP has invested in research and development and its own manufacturing facility in China, to develop a range of tailored products based on its own intellectual property that provide its customers with significantly improved functionality and efficiency.
Headquartered in Singapore and listed on the Main Market of the London Stock Exchange since 2000, XP serves a global blue chip customer base from 27 locations in Europe, North America and Asia.