Volex backs outlook after positive start to new financial year
Volex PLC on Thursday said it has made a strong start to the new financial year, as its first quarter trading performance is in line with expectations.
The Hampshire, England-based maker of power and data transmission products said positive momentum has continued into the 2026 financial year despite uncertain macroeconomic conditions.
In a statement ahead of its annual general meeting on Thursday, the company said this reinforces confidence in the outlook for the full year.
In the first quarter, constant currency organic revenue increased by 10%.
‘This strong growth reflects the continued momentum in the Electric Vehicles and Complex Industrial Technology end-markets, notably among Data Centre customers, as well as good growth in Off-Highway,’ Volex said.
The firm said it has closed one of the legacy sites acquired with the acquisition of Murat Ticaret. All operations have been transitioned to other facilities in Turkey, with no disruption to customers, Volex noted.
‘We remain well-positioned to make further progress towards the delivery of our five-year strategic plan and to drive continued value creation for shareholders,’ the company said.
Shares in Volex were up 0.4% at 361.50 pence in London on Thursday afternoon.
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