Volex plc (GB:VLX) has released an update.
Volex plc reported a robust 30.4% increase in revenue to $518.2 million for the first half of 2024, driven by strong growth in Electric Vehicles and Consumer Electricals. The company maintained its operating margins and increased its interim dividend by 7.1%, highlighting confidence in its strategic growth plan and diverse market exposure. Volex’s ongoing investments in capacity expansion and customer programs aim to support its ambitious target of reaching $1.2 billion in revenues by FY2027.
For further insights into GB:VLX stock, check out TipRanks’ Stock Analysis page.
