The full year trading update for FY19 confirms that Volex is performing ahead of expectations with revenues expected to exceed US$365m against our forecast of US$360m. This implies PBT growth of over 90%. In addition, cash generated from operations is going well with the cash balance at March 2019 expected to be cUS$18.4m which beats our expectation of US$15.7m. Furthermore, subject to the pace of M&A activity and trading conditions Volex will re-instate the dividend in FY20 (it has been
28 Mar 2019
Trading update | FY19 trading ahead of expectations
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Trading update | FY19 trading ahead of expectations
Volex plc (VLX:LON) | 323 17.8 1.7% | Mkt Cap: 586.2m
- Published:
28 Mar 2019 -
Author:
Andy Smith -
Pages:
4
The full year trading update for FY19 confirms that Volex is performing ahead of expectations with revenues expected to exceed US$365m against our forecast of US$360m. This implies PBT growth of over 90%. In addition, cash generated from operations is going well with the cash balance at March 2019 expected to be cUS$18.4m which beats our expectation of US$15.7m. Furthermore, subject to the pace of M&A activity and trading conditions Volex will re-instate the dividend in FY20 (it has been