21st Jan 2026 10:52
(Alliance News) - Volex PLC on Wednesday said it expects to report annual revenue ahead of consensus, as the maker of power and data transmission products benefits from its exposure to "structurally attractive markets"
The Hampshire, England-based firm said revenue in the nine months to December totalled USD902.7 million, rising 15% on an organic constant currency basis. In the third quarter alone, it saw a "strong performance".
Shares in Volex were up 8.1% at 441.50 pence in London on Wednesday morning.
"Our year-to-date performance reflects strong execution across the group and the benefits of our exposure to structurally attractive markets. Demand from data centre customers has been particularly strong, driven by sustained investment in AI and digital infrastructure," Chief Executive Officer Nat Rothschild said.
"We continue to invest with discipline, maintain strong margins and a robust balance sheet. With good momentum into the final quarter, we now expect to exceed current market expectations, thereby giving increased confidence in achieving our five-year plan targets. Looking further out, we remain well positioned to deliver sustainable, long-term value for shareholders."
Volex expects revenue for financial 2026 ahead of consensus of USD1.15 billion, representing at least a 6.1% improvement from the USD1.09 billion it reported in financial 2025. It noted consensus for underlying operating profit stands at USD112.7 million, also 6.1% higher, compared to the USD106.2 million achieved in the prior financial year.
Volex said: "Electric vehicles and off highway both generated organic revenue growth in the nine-month period, although electric vehicles organic growth moderated in Q3 due to a stronger comparative period. Although sequential performance in medical and consumer electricals was stable, revenues were lower than the comparative nine-month period due to the ongoing impact of trading headwinds noted at the half year, namely destocking at a major medical customer and weaker demand for consumer appliances for the group's European customers."
By Eric Cunha, Alliance News news editor
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