Update: Re-moulding the business
Revenue growth and margin progression were both notable features of H115 results, confirming that recovery is underway. Changes to the business model have been made with greater local alignment within new sales regions ongoing. Management is aiming to deliver sustainable growth with ambitious FY18 targets. Depending on progress here, Volex may start to be seen as a value, rather than recovery, play.Volex is a global supplier of power cords and cable assembly solutions servicing a range of markets including consumer electronics, medical equipment, data centers, telecommunications, industrial robotics and the automotive industry. Co. operates across two divisions: Power Cord, which designs and manufactures power cords, duck heads and related products that are sold to manufacturers of a range of electrical and electronic devices and appliances; and Cable Assemblies, which designs and manufactures a range of cables and connectors (ranging from high-speed copper and fibre-optic cables to customized optical cable assemblies) that transfer electronic, radio-frequency and optical data.
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