Today’s trading update highlights a strong performance in FY23, with revenue and operating profit ahead of market expectations. Volex looks to have exited FY23 in a robust position supported by its diverse growth markets focus and strong customer relationships, built on recognised levels of service and reliability. In common with the broader sector, the Group is seeing signs of supply chain normalisation, but still healthy underlying order positions, and reduced inflationary cost pressures. Pre- ....

18 Apr 2023
Robust FY23 performance contrasts with low valuation

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Robust FY23 performance contrasts with low valuation
Volex plc (VLX:LON) | 383 -24.9 (-1.7%) | Mkt Cap: 706.7m
- Published:
18 Apr 2023 -
Author:
Singer CM Team -
Pages:
3 -
Today’s trading update highlights a strong performance in FY23, with revenue and operating profit ahead of market expectations. Volex looks to have exited FY23 in a robust position supported by its diverse growth markets focus and strong customer relationships, built on recognised levels of service and reliability. In common with the broader sector, the Group is seeing signs of supply chain normalisation, but still healthy underlying order positions, and reduced inflationary cost pressures. Pre- ....