REG - Volex PLC - AGM Statement

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RNS Number : 3095U  Volex PLC  07 August 2025

7 August 2025

 

Volex plc

("Volex", the "Company", or the "Group")

AGM Statement

 

Strong trading momentum continues into FY2026

Q1 provides confidence in achieving full year expectations

 

Volex plc (AIM: VLX), the specialist integrated manufacturer of critical power
and data transmission products, is pleased to report a trading update for the
three months ended 30 June 2025, ahead of the Company's annual general
meeting, being held at 2.00 pm today.

 

Positive start to financial year underpins full year expectations

Volex has delivered a strong start to the new financial year, with the
first-quarter trading performance in line with management's expectations. The
positive momentum outlined at the Group's FY2025 results has continued into
FY2026, despite uncertain macroeconomic conditions, reinforcing confidence in
the strategy and outlook for the full year.

 

Q1 FY2026 constant currency organic revenue increased by 10.4% year-on-year.
This strong growth reflects the continued momentum in the Electric Vehicles
and Complex Industrial Technology end-markets, notably among Data Centre
customers, as well as good growth in Off-Highway.

 

Operational execution

We continue to collaborate closely with our global customers to support their
supply chain relocation strategies, navigating the evolving tariff landscape
with agility.

 

As part of the ongoing integration of Murat Ticaret and the associated
profitability enhancement initiatives, we have successfully closed one of the
legacy sites acquired with the acquisition. All operations have been fully
transitioned to other facilities within Türkiye, with no disruption to
customers. This site consolidation will improve customer service and deliver
operational efficiencies.

 

Outlook

The encouraging performance in the first quarter, coupled with a pipeline of
commercial opportunities, underpins the Board's confidence in Volex's ability
to meet its FY2026 expectations. We remain well-positioned to make further
progress towards the delivery of our five-year strategic plan and to drive
continued value creation for shareholders.

 

-ENDS-

 

For further information please contact:

 

Volex plc                                                                                                             +44 (0) 1256 442570

Nat Rothschild, Executive
Chairman
 
investor.relations@volex.com

Jon Boaden, Chief Financial Officer

 

Peel Hunt LLP - Nominated Adviser & Joint Broker
                +44 (0) 20 7418 8900

Ed Allsopp

Dom Convey

Tom Graham

 

Jefferies - Joint
Broker
 
                +44 (0) 20 7029 8000

Philip Noblet

Sam Barnett

Harry Le May

 

Sodali & Co. - Media
Enquiries
+44 (0) 20 7250 1446

James White

Nicholas Johnson

 
About Volex plc

Volex plc (AIM:VLX) is a driving force in integrated manufacturing for
mission-critical applications and a global leader in power and data
connectivity solutions. Our diverse operations support international blue-chip
customers in five key end-markets: Electric Vehicles, Consumer Electricals,
Medical, Complex Industrial Technology and Off-Highway. Headquartered in the
UK, we orchestrate operations across 25 advanced manufacturing facilities,
uniting 13,000 dynamic individuals from 25 different nations. Our
extraordinary products find their way to market through our localised sales
teams and authorised distributor partners, supporting Original Equipment
Manufacturers and Electronic Manufacturing Services companies across the
globe. In a world that grows more digitally complex by the day, customers
trust us to deliver power and connectivity that drives everything from
household essentials to life-saving medical equipment. Learn more at
www.volex.com (http://www.volex.com) .

 

Forward looking statements

This announcement contains certain forward-looking statements which have been
made by the Directors in good faith using information available up until the
date they approved the announcement. Forward-looking statements should be
regarded with caution as, by their nature, such statements involve risk and
uncertainties relating to events and circumstances that may occur in the
future. Actual results may differ from those expressed in such statements,
depending on the outcome of these uncertain future events.

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