Record Revenue and Operating Profit
Volex plc exceeded $1 billion in revenue and $100 million in underlying operating profit for the first time, marking a milestone in their 5-year plan.
Strong Organic Growth
The company achieved over 11% organic growth, driven by significant progress in executing key elements of their strategy.
Electric Vehicles Segment Growth
Volex reported approximately 40% organic growth in the electric vehicles segment, highlighting a strong recovery and growth trajectory.
Complex Industrial Technology and Data Center Performance
The data center space saw high growth, contributing to 14.5% organic growth in Complex Industrial Technology.
Continued Financial Strength
The company maintained a net debt leverage ratio of 1x, providing flexibility for future growth initiatives.