Business
Preliminary Group Results FY2022
Preliminary Group Results FY2022.
About this update from Volex Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n \n 23 June 2022\n \n \n \n Volex plc\n \n \n \n Preliminary Group Results\nfor the 52 weeks ended 3 April 2022\n \n \n \n \n \n \n Record performance and significant growth alongside new, ambitious five-year plan\n \n \n \n Volex plc ('Volex'), a global provider of integrated manufacturing services and power products, today announces its preliminary results for the 52 weeks ended 3 April 2022 (\"FY2022\").\n \n \n \n \n \n \n \n \n \n Financial Highlights\n \n \n \n \n \n 52 weeks to\n \n \n \n \n 3 April 2022\n \n \n \n \n \n 52 weeks to\n \n \n 4 April 2021\n \n \n \n \n \n Year on year change\n \n \n \n \n \n \n \n Revenue\n \n \n \n \n \n $614.6m\n \n \n \n \n \n $443.3m\n \n \n \n \n \n 38.6%\n \n \n \n \n \n \n \n Underlying1 operating profit\n \n \n \n \n \n $56.2m\n \n \n \n \n \n $42.9m\n \n \n \n \n \n 31.0%\n \n \n \n \n \n \n \n Statutory operating profit\n \n \n \n \n \n $41.0m\n \n \n \n \n \n $30.7m\n \n \n \n \n \n 33.6%\n \n \n \n \n \n \n \n Underlying1 profit before tax\n \n \n \n \n \n $51.4m\n \n \n \n \n \n $41.6m\n \n \n \n \n \n 23.6%\n \n \n \n \n \n \n \n Statutory profit before tax\n \n \n \n \n \n $36.2m\n \n \n \n \n \n $29.4m\n \n \n \n \n \n 23.1%\n \n \n \n \n \n \n \n Underlying1 diluted earnings per share2\n \n \n \n \n \n 25.2c\n \n \n \n \n \n 30.0c\n \n \n \n \n \n (16.0%)\n \n \n \n \n \n \n \n Final dividend (per share)\n \n \n \n \n \n 2.4p\n \n \n \n \n \n 2.2p\n \n \n \n \n \n 9.1%\n \n \n \n \n \n \n \n Net debt (before lease liabilities)\n \n \n \n \n \n $74.4m\n \n \n \n \n \n $7.3m\n \n \n \n \n \n \n \n \n \n \n \n \n \n Net debt\n \n \n \n \n \n $95.3m\n \n \n \n \n \n $27.3m\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 1\n \n Before adjusting items and share-based payments charge (see note 3 for more details)\n \n \n \n 2\n \n FY2021 earnings per share includes the impact of deferred tax credits of $12.9 million (FY2022: $2.9 million). Excluding deferred tax asset recognition underlying diluted earnings per share increased by 6.3%\n \n \n \n \n \n \n Financial and Operational Highlights\n \n \n \n ·\n Group revenue increased by 38.6% to $614.6 million (FY2021: $443.3 million) through strong organic growth and acquisitions\n \n \n ·\n Underlying operating margin remained solid at 9.1% (FY2021: 9.7%) despite inflati...