Volex has delivered a good H1 performance. Organic revenue growth (at CER) was 14.3% reflecting a robust demand picture and timely management of cost pressures and supply chain challenges. The Group has again demonstrated its resilience benefiting from building exposures to key market sectors exhibiting structural growth. Volex’s global footprint continues to resonate well with customers looking for a reliable, efficient and cost competitive supplier able to provide quality products and solutions closer to their end markets. Recent acquisitions are performing well and c. $16m was invested in mostly shorter payback capital projects. Whilst mindful of broader macro-economic challenges management reaffirms that the Group remains on track to deliver revenues and underlying operating profit in line with market expectations.
