Volex plc (GB:VLX) has released an update.
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Volex plc reported a robust 30.4% increase in revenue to $518.2 million for the first half of 2024, driven by strong growth in Electric Vehicles and Consumer Electricals. The company maintained its operating margins and increased its interim dividend by 7.1%, highlighting confidence in its strategic growth plan and diverse market exposure. Volex’s ongoing investments in capacity expansion and customer programs aim to support its ambitious target of reaching $1.2 billion in revenues by FY2027.
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