IN BRIEF: Volex sets goal to double annual revenue over medium-term
Volex PLC - Hampshire, England-based maker of power and data transmission products - Volex aims to double its annual revenue to USD2 billion over the medium-term, from both organic growth and acquisitions. The "growth ambition" will be set out at a capital markets event that Volex is holding in London on Wednesday. Volex reported USD1.09 billion in revenue in the financial year that ended March 31 last year, and late last month guided USD1.18 billion in revenue for financial 2026. On Wednesday, it says USD500 million of the incremental revenue to reach its target will come from organic growth and USD300 million from acquisitions. Volex also sets out goals for a 12% earnings before interest and tax margin and a 20% or more return on capital employed. Read More