Business
Trading update and Notice of Capital Markets Event
Volex plc has announced a strong trading update for the year ending 31 March 2026, with full-year revenue now expected to be at least $1,220 million, significantly exceeding market expectations, and underlying operating margins anticipated to be above the 9-10% target range. This outperformance is primarily driven by high demand for data centre products, with revenues in this segment expected to double from the prior year's $118 million, fueled by AI applications. The company is also considering a move from AIM to the Main Market of the London Stock Exchange to access deeper capital pools and enhance its corporate profile, and will host a Capital Markets Event on 22 April 2026 to outline new medium-term growth plans. Disclaimer*
About this update from Volex Plc
25 March 2026 Volex plc ("Volex", the "Company", or the "Group") Trading update and Notice of Capital Markets Event Strong ongoing performance drives upgraded expectations for FY2026 Volex plc (AIM: VLX), the specialist integrated manufacturer of critical power and data transmission products, is pleased to announce a trading update for the year ending 31 March 2026. Separately, the Company today announces that the Board is considering moving the Company's listing venue to the Main Market of the London Stock Exchange. Volex will also host a Capital Markets Event for institutional investors and analysts on Wednesday 22 April 2026. Continued outperformance driven by strong data centre product demand The Group has continued to trade well through the second half of FY2026, with full year results now expected to be significantly ahead of current market expectations1. The Board now expects Group revenue for FY2026 to be at least $1,220 million. Underlying operating2 margins are expected to be slightly above the top end of the Group's 9-10% target range, reflecting both operating leverage from higher revenues and a continued focus on operational efficiency. The outperformance has been driven primarily by the Group's Complex Industrial Technology division with continued high demand for the Group's high-speed data transmission products driven by data-intensive artificial intelligence applications. As a result, full year data centre revenues are now expected to be approximately double the $118 million achieved in the prior year. This performance includes a contribution from the fulfilment of accelerated customer requirements, where the Group has been able to respond rapidly to customers' near-term capacity needs in situations where other suppliers have not been able to meet those needs. This reflects the benefits of Volex's global footprint and scale, which enable us to provide responsive, localised service wherever our customers need it. The Board is encouraged by the strength of the Group's positioning in this market, although this particular dynamic may not recur at the same level in FY2027. The Group's other end markets, Electric Vehicles, Consumer Electricals and Medical, the other elements of Complex Industrial Technology and Off-Highway, have each traded broadly in line with the firs...