Companies serving industrial markets have been feeling the pinch ever since global economic uncertainty prompted customers to spend more cautiously. Not everyone has struggled though, as is clear from XP Power's (XPP) latest trading update. Revenues leapt a tenth and order intake climbed 9 per cent during the first quarter of 2016 in an impressive performance that once again highlighted the group's defensive qualities.
XP Power has been taking market share since it started manufacturing power control components in-house. Its custom-built products have been a hit with the group's growing blue-chip customer base, even during these difficult times. Investing in additional North American sales and engineering capability also proved to be decisive.
