Volex FY profit to beat consensus expectations after 'very strong' start to year

(Sharecast News) - Volex said on Tuesday that FY2027 underlying operating profit was set to be ahead of market expectations of $138.3m following a "very strong" start to the year.

The specialist integrated manufacturer of critical power and data transmission products said it delivered 28% constant currency organic revenue growth year-on-year in the four months to July 2026. Growth was broad-based across all five end-markets, led by Complex Industrial Technology.

The company said Data Centre customer demand has been sustained at the elevated exit rate of FY2026, and by increased demand for EV & Electrification products, supported by continued electrification trends and customer focus on energy efficiency. Good growth was also delivered in Consumer Electricals, Off-Highway and Medical, it added.

Volex said the 28% jump in revenue partly reflects a prior-year comparator in which revenue built progressively as new Data Centre programmes ramped up, and headline year-on-year growth rates are therefore expected to normalise over the remainder of the year as this effect annualises.

It said sequential trading is the better guide to underlying momentum, with average monthly revenue in the first four months of the year running 8% higher than the monthly average for the second half of FY2026.

"The group remains well positioned to make further progress against the medium-term strategic plan set out at our Capital Markets Day in April," it said.

At 0812 BST, the shares were up 14.2% at 610p.

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