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Companies >
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Electrical and Electronic Equipment >
Volex plc >
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Strong trading in H1 FY2022E

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  • 11 Nov 2021

Strong trading in H1 FY2022E


Volex plc (VLX:LON) | 271 16.3 2.3% | Mkt Cap: 430.1m


  • Singer Capital Markets
    • Richard Hickinbotham

    • 3 pages

Electrical and Electronic Equipment image


 
Electrical and Electronic Equipment image


Volex has reported strong progress in the first half reflecting high levels of demand in all sectors. Revenues and underlying operating profits, including the impact of the acquisition of DEKA, increased by 44.5% and 31.3% respectively, despite some of its customers being affected by extended lead times. The Group continues to benefit from a diverse customer base and high mix, low volume manufacturing that provides production flexibility. Higher component and commodity costs have been passed on ....

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Strong trading in H1 FY2022E


Volex plc (VLX:LON) | 271 16.3 2.3% | Mkt Cap: 430.1m


  • Published: 11 Nov 2021
  • Author: Richard Hickinbotham
  • Pages: 3
  • Singer Capital Markets


Volex has reported strong progress in the first half reflecting high levels of demand in all sectors. Revenues and underlying operating profits, including the impact of the acquisition of DEKA, increased by 44.5% and 31.3% respectively, despite some of its customers being affected by extended lead times. The Group continues to benefit from a diverse customer base and high mix, low volume manufacturing that provides production flexibility. Higher component and commodity costs have been passed on ....


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