IN BRIEF: Volex sets goal to double annual revenue over medium-term

Volex PLC - Hampshire, England-based maker of power and data transmission products - Volex aims to double its annual revenue to $2 billion over the medium-term, from both organic growth and acquisitions. The ‘growth ambition’ will be set out at a capital markets event that Volex is holding in London on Wednesday. Volex reported $1.09 billion in revenue in the financial year that ended March 31 last year, and late last month guided $1.18 billion in revenue for financial 2026. On Wednesday, it says $500 million of the incremental revenue to reach its target will come from organic growth and $300 million from acquisitions. Volex also sets out goals for a 12% earnings before interest and tax margin and a 20% or more return on capital employed.

Earlier this month, the Nat Rothschild-led company announced plans to move to the London Main Market from AIM, which would make it a candidate to enter the FTSE 250 index, thanks to the company’s £1.08 billion market capitalisation.

Current stock price: 586.00 pence, up 1.4% in London on Wednesday

12-month change: more than doubled from 235.00p

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