Volex has issued a positive AGM trading update highlighting that Q1 performance has been strong, and in line with expectations and management’s new 5-year growth plan. The statement notes that revenue is up 4.9% (organic), against, what will have been, an adverse €:$ FX effect. Utilisation has remained high, and acquisitions made in FY22 are integrating and progressing well. All end markets are showing encouraging demand, underpinning VLX’s resilience against a still challenging supply chain bac ....
19 Aug 2022
Reassuring AGM statement
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Reassuring AGM statement
Volex plc (VLX:LON) | 309 18.5 2.0% | Mkt Cap: 561.2m
- Published:
19 Aug 2022 -
Author:
N+1 Singer Team -
Pages:
3
Volex has issued a positive AGM trading update highlighting that Q1 performance has been strong, and in line with expectations and management’s new 5-year growth plan. The statement notes that revenue is up 4.9% (organic), against, what will have been, an adverse €:$ FX effect. Utilisation has remained high, and acquisitions made in FY22 are integrating and progressing well. All end markets are showing encouraging demand, underpinning VLX’s resilience against a still challenging supply chain bac ....