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 ....
11 Nov 2021
Strong trading in H1 FY2022E
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Strong trading in H1 FY2022E
Volex plc (VLX:LON) | 306 45.9 5.2% | Mkt Cap: 556.2m
- Published:
11 Nov 2021 -
Author:
Richard Hickinbotham -
Pages:
3
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 ....