Volex plc’s shares surged nearly 19% on Tuesday after the UK-based manufacturer of power and data transmission products raised its profit expectations for fiscal 2027. The company, which moved from the AIM market to the London Stock Exchange’s Main Market on July 24, 2026, now anticipates underlying operating profit to exceed current market forecasts.
The improved outlook follows 28.0% constant currency organic revenue growth in the four months ended July 31, 2026, compared with the same period a year earlier. Average monthly revenue during this period was 8% higher than the monthly average recorded in the second half of fiscal 2026, though management noted that headline year-over-year growth rates are expected to normalize as prior-year comparisons annualize.
Growth was reported across all five end-markets, with demand particularly strong in Complex Industrial Technology—driven by elevated data center customer requirements—and in EV and electrification products. The company also highlighted tight control over operating expenses, achieved through efficiency savings and improved operating leverage, which supported underlying operating margin expansion.
Volex completed the acquisition of the remaining stake in Kepler SignalTek during the period, expanding its medical segment into patient-to-device applications. Management reaffirmed its medium-term strategic plan, first outlined at the Capital Markets Day in April, positioning the company to capitalize on ongoing industry trends.
