XP Power - Q1 book-to-bill of 1.16x

XP's Q1 revenues reflect varying performance by end-market: encouraging growth from industrial, healthcare and technology customers was offset by the expected decline in demand from the semiconductor sector. Order intake was higher on a year-on-year and quarter-on-quarter basis, resulting in a book-to-bill of 1.16x for the quarter. With management's full-year expectations unchanged, we maintain our forecasts.

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