Business
Full Year Trading Update
Full Year Trading Update.
About this update from Volex Plc
[{"type":"text","content":"\n\n \n \nThe information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the \"UK MAR\") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain. \n7 April 2025\n \nVolex plc\n \n(\"Volex\", the \"Company\" or the \"Group\")\nFull Year Trading Update\nFull year growth and profit ahead of market expectations\nVolex (AIM: VLX), the specialist integrated manufacturer of critical power and data transmission products, today releases a trading update for the financial year ended 30 March 2025 (\"FY2025\").\nRevenue growth and improved profitability driven by strong Q4 momentum\nFollowing a strong fourth quarter, revenue for FY2025 is now expected to be at least $1,060 million, representing a year-on-year increase of at least 16%, and organic constant currency growth of at least 8%. Underlying operating margins are anticipated to be at the upper end of the target corridor of 9% to 10%, with operating profit of at least $100 million, well ahead of the top end of market estimates1.\nThis robust financial performance highlights Volex's ongoing success in securing new projects through delivering cost-competitive and technically advanced manufacturing services. \nImproved underlying operating profit margins in the second half were driven by a favourable product mix, including increased demand for data centre products, as well as a focus on incremental operational improvements.\nHarnessing manufacturing technology to deliver organic growth\nThe significant organic growth achieved this year reflects the Group's strong market positions across a diverse range of specialist sectors, where Volex leverages deep technical expertise to meet complex customer requirements.\nOur embedded presence in global technology supply chains continues to generate exciting opportunities and deliver consistent, high-quality solutions for customers, while the Group's focus on specialist markets with high customer lock-in and limited competition means that we are an essential and...