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%.
For comments and feedback: editorial@rttnews.com