Volex plc ( (GB:VLX) ) just unveiled an announcement.
Volex plc has announced a strong financial performance for the fiscal year ending March 30, 2025, with revenue expected to reach at least $1,060 million, marking a 16% year-on-year increase. The company’s operating profit is anticipated to exceed $100 million, surpassing market expectations. This growth is attributed to a favorable product mix, increased demand for data center products, and strategic investments in capacity expansion and automation. Volex’s robust market positioning and deep customer relationships have enabled it to navigate challenging market conditions effectively, positioning the company well for future growth opportunities.
More about Volex plc
Volex plc is a leading company in integrated manufacturing for mission-critical applications, specializing in power and data connectivity solutions. The company supports international blue-chip customers across five key sectors: Electric Vehicles, Consumer Electricals, Medical, Complex Industrial Technology, and Off-Highway. Headquartered in the UK, Volex operates 27 advanced manufacturing facilities worldwide, employing 14,000 individuals from 25 nations.
YTD Price Performance: -29.50%
Average Trading Volume: 442,937
Technical Sentiment Signal: Strong Buy
Current Market Cap: £364.8M
See more insights into VLX stock on TipRanks’ Stock Analysis page.