Volex plc (VLX.L), on Monday, issued a trading update for the 39 weeks ended 29 December 2024 and reported a 21.8% growth in year-to-date revenue.
The company's year-to-date revenue was $789.4 million, an increase of 21.8% on the comparative period last year. This comprises organic growth of 9.6%, 13.1% from acquisitions, and a small adverse impact from foreign exchange movements. Sequentially, sales increased by 2% compared to Q2, reflecting continued momentum across core markets.
This growth is attributed to 9.6% organic growth, and 13.1% from acquisitions, along with a small adverse impact from foreign exchange fluctuations. Sequentially, sales have experienced a 2% rise compared to the second quarter, indicating sustained momentum across core markets.
The Group's expectations for the full-year underlying operating profit remain consistent and in line with market expectations. Strengthened customer interactions reinforce confidence in achieving sustained high single-digit organic growth throughout the year, while also ensuring that profit margins remain within the targeted range of 9% to 10%.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.