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Investing.com-- Volex Plc (LON:VLX), the integrated manufacturer of power and data transmission products, reported a strong start to its fiscal year 2026 on Thursday, with first quarter organic revenue increasing 10.4% year-on-year at constant currency. The company’s shares rose 2.4% following the announcement, as investors responded positively to the robust performance.
The revenue growth was driven by continued momentum in Electric Vehicles and Complex Industrial Technology end-markets, particularly among Data Centre customers, along with good growth in the Off-Highway segment. This performance comes despite uncertain macroeconomic conditions, reinforcing confidence in the company’s strategy.
"The encouraging performance in the first quarter, coupled with a pipeline of commercial opportunities, underpins the Board’s confidence in Volex’s ability to meet its FY2026 expectations," the company stated in its AGM trading update.
As part of its integration of Murat Ticaret acquisition, Volex has successfully closed one of the legacy sites, consolidating operations into other facilities in Türkiye without disrupting customer service. This consolidation is expected to improve customer service and deliver operational efficiencies.
The company continues to work closely with global customers to support their supply chain relocation strategies, navigating the evolving tariff landscape. Analysts at Jefferies noted that Volex’s 10% YoY organic sales growth in the first quarter contrasts with "muted levels of growth elsewhere in the sector," and is particularly impressive given the "challenging nature" of some of its end markets.
Volex remains well-positioned to make further progress toward delivering its five-year strategic plan and driving continued value creation for shareholders.