Last checked at 23 Jun 2022 09:46
Volex records higher profit on strong organic growth; hike dividend
(Alliance News) - Volex PLC on Thursday reported a jump in profit for financial 2022, on strong organic growth, and lifted its payout to shareholders.
Read more
- Home
- Share Prices
- AQSE Share Prices
- Euronext
- Stock Screeners
- Share Chat
- FX
- News & RNS
- Events
- Media
- Trading Brokers
- Finance Tools
- Members
Latest Share Chat
Volex Share News (VLX)
VLX Share
Price
VLX Share
News
VLX Share
Chat
VLX Share
Trades490
VLX
Live RNS
VLX Share
Charts
VLX Level 2
Console
VLX Live
Share Price
VLX Broker
Ratings
VLX Directors
Deals
VLX Financial
Diary
VLX
Fundamentals
VLX Short
Positions
VLX
Media
Volex Information
Share Price Information for Volex (VLX)
Share Price is delayed by 15 minutes
Get Live Data
Share Price:
354.00
Bid:
351.50
Ask:
355.00
Change:
-0.50 (-0.14%)
Spread:
3.50 (0.996%)
Open:
353.50
High:
363.50
Low:
350.50
Prev. Close:
354.50
Last checked at -
Watchlists are a member only feature
Login to your account
Don't have an account? Click here to register.Volex revenue dips, though underlying earnings improve
Fri, 11th Nov 2016 08:34
(ShareCast News) - Cable assembly provider Volex posted its interim results for the 26 weeks to 2 October on Friday, with $11.3m of cash generated by operations during the period.The AIM-traded company said it achieved its return to net cash through "tight working capital management".Underlying operating profit was up 2.3% on the first half of the previous year, to $4.3m, despite a 12.3% reduction in sales.Revenue was down 12.3%, however, to $166.1m.The board said the revenue decline from its largest customer at 21.7% had been managed by a reduction in its power manufacturing footprint.That did result in a non-cash impairment charge of $6.2m, however..Underlying operating expenses for the half reduced by $3.6m, or 13.5%, with the board putting it down to the benefits from removing the divisional management structure in the prior year and further cost reduction measures taken in the first half of 2016.A $4.6m statutory operating loss after tax was recorded, after the $6.2m impairment charge and $1.1m of non-recurring costs associated with the downsizing of the Brazilian operation.The company's US facility was successfully exited during the period, as well as a 50% size reduction in its Singapore head office. Underlying diluted earnings per share were up 60% to 2.5c following a reduction in the global tax charge, though a basic loss per share of 7.5c was recorded, reflecting the impairment charge taken in the half year."I am pleased to report that underlying profitability has been maintained at prior year levels reflecting the actions that we have taken to address the continuing decline in revenues from several of our larger customers," said executive chairman Nat Rothschild."There has been strong progress at the factory level with improvements in operational efficiency and reductions in inventories and factory operating expenses."Through the difficult actions we have taken in the first half of the year, which have included the downsizing of one of our Chinese facilities and the closure of our Brazil facility, factory profitability should improve in the second half of the year as we run at higher capacity with lower overheads."Rothschild said additionally, work at the company's previously-announced joint venture agreement with a Taiwanese manufacturer continued with the aim of producing competitively priced Volex-branded AC raw cables."We have an encouraging set of projects in the sales pipeline, however, we anticipate that the benefits arising from these will not be realised for at least another twelve months - the lead time to bring on new accounts."In the meantime, we expect our markets to remain fiercely competitive and we will continue the practice of ensuring our factory footprint and costs are aligned with revenue performance."
More News
16 Jun 2022 16:05
UK earnings, trading statements calendar - next 7 days
| Friday 17 June | |
| Tesco PLC | Q1 Results |
| Monday 20 June | |
| Associated British Foods PLC | Q3 Results |
| SysGroup PLC | Full Year Results |
| SThree PLC | Trading Statement |
| Tuesday 21 June | |
| DS Smith PLC | Full Year Results |
| Gear4Music PLC | Full Year Results |
| Monks Investment Trust PLC | Full Year Results |
| Record PLC | Full Year Results |
| Safestore Holdings PLC | Half Year Results |
| Telecom Plus PLC | Full Year Results |
| Wednesday 22 June | |
| Berkeley Group Holdings PLC | Full Year Results |
| Liontrust Asset Management PLC | Full Year Results |
| Micro Focus International PLC | Half Year Results |
| Thursday 23 June | |
| DeepVerge PLC | Full Year Results |
| First Property Group PLC | Full Year Results |
| Manolete Partners PLC | Full Year Results |
| Naked Wines PLC | Full Year Results |
| Oxford Metrics PLC | Half Year Results |
| Redx Pharma PLC | Half Year Results |
| Serco Group PLC | Trading Statement |
| Volex PLC | Full Year Results |
| XPS Pensions Group PLC | Full Year Results |
| Copyright 2022 Alliance News Limited. All Rights Reserved. | |
9 Jun 2022 15:55
UK earnings, trading statements calendar - next 7 days
| Friday 10 June | |
| Industrials REIT Ltd | Full Year Results |
| Monday 13 June | |
| Augmentum Fintech PLC | Full Year Results |
| Molten Ventures PLC | Full Year Results |
| Sirius Real Estate Ltd | Full Year Results |
| Tuesday 14 June | |
| Ashtead Group PLC | Full Year Results |
| Bellway PLC | Trading Statement |
| CML Microsystems PLC | Full Year Results |
| Crest Nicholson Holdings PLC | Half Year Results |
| discoverIE Group PLC | Full Year Results |
| Driver Group PLC | Half Year Results |
| Ferguson PLC | Q3 Results |
| FirstGroup PLC | Full Year Results |
| iomart Group PLC | Full Year Results |
| LoopUp Group PLC | Trading Statement |
| Montanaro UK Smaller Cos Investment Trust PLC | Full Year Results |
| OnTheMarket PLC | Full Year Results |
| Oxford Instruments PLC | Full Year Results |
| Paragon Banking Group PLC | Half Year Results |
| Renalytix PLC | Trading Statement |
| Vianet Group PLC | Full Year Results |
| Wednesday 15 June | |
| AO World PLC | Full Year Results |
| Bloomsbury Publishing PLC | Full Year Results |
| Castings PLC | Full Year Results |
| Custodian REIT PLC | Full Year Results |
| Allied Minds PLC | Full Year Results |
| Tatton Asset Management PLC | Full Year Results |
| FireAngel Safety Technology Group PLC | Trading Statement |
| Idox PLC | Half Year Results |
| IGas Energy PLC | Trading Statement |
| JPMorgan European Discovery Trust PLC | Full Year Results |
| Motorpoint Group PLC | Full Year Results |
| SCS Group PLC | Trading Statement |
| Severfield PLC | Full Year Results |
| WH Smith PLC | Q3 Trading Update |
| Whitbread PLC | Trading Statement |
| Thursday 16 June | |
| Best of the Best PLC | Full Year Results |
| boohoo Group PLC | Trading Statement |
| CareTech Holdings PLC | Half Year Results |
| Filtronic PLC | Trading Statement |
| GB Group PLC | Full Year Results |
| Halfords Group PLC | Full Year Results |
| Halma PLC | Full Year Results |
| JLEN Environmental Assets Group Ltd | Full Year Results |
| Lindsell Train Investment Trust PLC | Full Year Results |
| Momentum Multi-Asset Value Trust PLC | Full Year Results |
| Mountview Estates PLC | Full Year Results |
| N Brown Group PLC | Trading Statement |
| NextEnergy Solar Fund Ltd | Full Year Results |
| River & Mercantile UK Micro Cap Investment Co Ltd | Half Year Results |
| S4 Capital PLC | Trading Statement |
| Syncona Ltd | Full Year Results |
| Volex PLC | Full Year Results |
| Copyright 2022 Alliance News Limited. All Rights Reserved. | |
19 May 2022 11:45
IN BRIEF: Volex Exec Director Nat Rothschild buys GBP80,000 in shares
Volex PLC - Basingstoke, England-based electronic components manufacturer - Executive Director Nat Rothschild buys 30,000 shares via NR Holdings Ltd at 2.60 pence, worth GBP77,970, on Wednesday. Rothschild now interested in 39.0 million shares, a 24.6% stake.
Read more16 May 2022 13:22
Volex completes acquisition of inYantra Technologies
(Sharecast News) - Integrated manufacturing and power products company Volex announced on Monday that it has completed the acquisition of inYantra Technologies.
Read more21 Apr 2022 09:56
Canaccord Genuity lowers target price on Volex
(Sharecast News) - Analysts at Canaccord Genuity lowered their target price on electronic connector manufacturer Volex from 510.0p to 440.0p on Thursday but said the firm appeared to be "well on track" to exceed its five-year plan.
Read more20 Apr 2022 12:28
IN BRIEF: Volex jumps as it sees annual results above expectations
Volex PLC - Basingstoke, England-based electronic components maker - Expects revenue and underlying operating profit for the financial year that ended April 3 to be ahead of consensus market expectations. Expects revenue in excess of USD605 million, up 37% from USD443 million the year before and 4.1% above the company compiled consensus of USD581.2 million. Anticipates underlying operating profit to be in excess of USD55.0 million, up 28% from USD42.9 million a year prior and 1.5% above the company complied consensus of USD54.2 million. Attributes this to strong demand with greater visibility of forward orders, as well as a significant contribution from the Electric Vehicles sector, where revenue has almost doubled.
Read more20 Apr 2022 11:04
Volex ends year ahead of market expectations
(Sharecast News) - Power products and manufacturing services provider Volex said in an update on Wednesday that its revenues and underlying operating profits were set to be ahead of consensus market expectations for the year just ended.
Read more15 Mar 2022 16:49
DIRECTOR DEALINGS: Indivior chief HR officer sells; Volex COO buys
(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Tuesday and not separately reported by Alliance News:
Read more7 Mar 2022 20:25
IN BRIEF: Volex acquires 51% majority stake in inYantra Technologies
Volex PLC - Basingstoke-based electronics manufacturer - Makes a 51% majority equity investment in inYantra Technologies Pvt Ltd for USD8.0 million. It also purchases 13.5 acres of industrial land, which includes 3.5 acres of land and the operational buildings used by inYantra, in Pune, India for USD5.0 million.
Read more7 Mar 2022 12:01
Volex buys majority stake in Indian firm inYantra
(Sharecast News) - Power products and integrated manufacturing provider Volex announced a 51% majority equity investment in inYantra Technologies for $8m (£6.08m) on Monday.
Read more14 Feb 2022 14:31
IN BRIEF: Volex secures new debt facilities in refinancing
Volex PLC - Basingstoke-based electronics manufacturer - Completes refinancing with a syndicate of five banks, replacing existing USD100 million revolving credit facility with USD200 million committed facility, as well as USD100 million uncommitted accordion. The facility has an initial maturity date of February 2025, with the possibility of two one-year extensions, and is structured as a USD125 million RCF and USD75 million loan.
Read more14 Feb 2022 11:37
Volex agrees new, larger facility of up to $300m
(Sharecast News) - Manufacturing and power products specialist Volex announced a refinancing with a syndicate of five banks on Monday, replacing its existing $100m revolving credit facility with a new $200m committed facility and an additional $100m uncommitted accordion.
Read more4 Jan 2022 12:09
IN BRIEF: Volex acquires two wire harness makers for CAD22.5 million
IN BRIEF: Volex acquires two wire harness makers for CAD22.5 million
Read more7 Dec 2021 14:46