Volex plc (GB:VLX) has released an update.
Volex plc reports steady financial performance for the first half of 2024, with revenues surpassing $510 million and a 9.7% organic revenue growth, driven by sectors like Electric Vehicles and Consumer Electricals. Despite inflationary pressures, the company maintains robust profit margins, continuing its investment in growth and benefiting from its strategic market diversification. With strong positioning in specialist markets, Volex is on track to meet its full-year expectations.
For further insights into GB:VLX stock, check out TipRanks’ Stock Analysis page.
