Overview

Fourteen of our top twenty customers hold a category-leading position in their sector. These deeply embedded relationships, built through involvement at the design stage and sustained over multi-year programmes, give us structural, long-duration demand and recurring revenue across electrification, AI infrastructure and medical technology.

Our customers' systems are becoming harder to design, build, certify and deliver. We manufacture highly engineered, application-specific assemblies where the consequences of failure are significant and generic suppliers cannot compete. As complexity increases, the value shifts to the integrator, and Volex becomes more critical.

A common platform of operational excellence across 23 manufacturing locations gives us the consistency of a large business and the responsiveness of a local one. Our global footprint gives customers genuine optionality when trade conditions shift or nearshoring requirements emerge, with production transfers executed without disruption.

A five-year organic revenue CAGR of 12.6%, operating margins grown from 2.8% to above 10% over ten years, and a consistent return on capital employed of approximately 20%. Our medium term plan targets $2 billion of revenue at a 12% operating margin.