Volex PLC (AIM:VLX) share prices have jumped 21% after underlying operating profit for the year to March 2027 came in ahead of current market forecasts after a strong start to the financial year.
The company traded as high as 645p, 20.8% above Monday’s close of 534p, before easing to 640p.
For the four months to 31 July 2026, the specialist power and data transmission manufacturer delivered constant-currency organic revenue growth of 28% year on year.
Growth was led by Complex Industrial Technology, where data centre demand remained at the elevated levels seen at the end of the previous year, alongside stronger demand for EV & Electrification products. Consumer Electricals, Off-Highway and Medical also recorded growth.
The headline growth rate benefited partly from a softer comparison period as new data centre programmes ramped up progressively last year.
Sequentially, average monthly revenue in the first four months was 8% higher than the monthly average for the second half of the previous financial year, providing a clearer indication of underlying momentum.
Operating expenses remained tightly controlled, with efficiency gains and operating leverage supporting improved underlying margins.
Volex also completed the acquisition of the remaining interest in Kepler SignalTek during the period, extending its medical offering into patient-to-device applications.
The group moved from AIM to the Main Market of the London Stock Exchange on 24 July.
Company-compiled consensus for the year to 31 March 2027 currently points to average revenue of US$1.34 billion and underlying operating profit of US$138.3 million.
