IN BRIEF: Volex sets goal to double annual revenue over medium-term

Volex PLC - Hampshire, England-based maker of power and data transmission products - Volex aims to double its annual revenue to USD2 billion over the medium-term, from both organic growth and acquisitions. The "growth ambition" will be set out at a capital markets event that Volex is holding in London on Wednesday. Volex reported USD1.09 billion in revenue in the financial year that ended March 31 last year, and late last month guided USD1.18 billion in revenue for financial 2026. On Wednesday, it says USD500 million of the incremental revenue to reach its target will come from organic growth and USD300 million from acquisitions. Volex also sets out goals for a 12% earnings before interest and tax margin and a 20% or more return on capital employed.

Earlier this month, the Nat Rothschild-led company announced plans to move to the London Main Market from AIM, which would make it a candidate to enter the FTSE 250 index, thanks to the company's GBP1.08 billion market capitalisation.

Current stock price: 586.00 pence, up 1.4% in London on Wednesday

12-month change: more than doubled from 235.00p

By Tom Waite, Alliance News editor

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