OverviewSuggest Edit

Volex is a provider of electrical and optical connectivity solutions. The company designs, develops, and manufactures standard and custom cable assemblies, including high-speed solutions, power cords, and connectors. Its solutions are used in communications networks, medical equipment, power generation, and other high-tech products.

TypePublic
Founded1894
HQBasingstoke, GB
Websitevolex.com
Employee Ratings3.5

Latest Updates

Employees (est.) (Apr 2020)6,158
Revenue (FY, 2019)$372.1 M(+16%)
Share Price (Sept 2021)£4.6(+4%)
Cybersecurity ratingBMore
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Key People/Management at Volex

Nat Rothschild

Nat Rothschild

Executive Chairman
John Molloy

John Molloy

Chief Operating Officer
Jon Boaden

Jon Boaden

Chief Financial Officer
Jessica Yu

Jessica Yu

Vice President – Global Procurement & RFQ
Alan Taylor

Alan Taylor

Group HR Director
Paul Bullock

Paul Bullock

European Managing Director
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Volex Office Locations

Volex has offices in Basingstoke, Suzhou, Zhongshan, Sekupang and in 4 other locations
Basingstoke, GB (HQ)
Bond Cl
Suzhou, CN
Weiting North Industrial Zone, Weixin Road, Suzhou Industrial Park, Suzhou
Zhongshan, CN
No. 2 Xin Da Bei Road, Zhongshan Torch, Hi-Tech Industry Development Zone
Sekupang, ID
18 Jl. Kw. Industri Sekupang
Tijuana, MX
Av 32 Sur, No 8950 Interior G/1,D,E,F, Parque Industrial La Mesa Fraccionamiento Rubio
Bydgoszcz, PL
Podłużna 11
Show all (8)

Volex Financials and Metrics

Volex Revenue

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Volex's revenue was reported to be $372.1 m in FY, 2019 which is a 15.4% increase from the previous period.
USD

Revenue (H1, 2020)

195.7m

Gross profit (H1, 2020)

45.3m

Gross profit margin (H1, 2020), %

23.1%

Net income (H1, 2020)

7.8m

EBIT (H1, 2020)

10.4m

Market capitalization (22-Sept-2021)

724.0m

Closing stock price (22-Sept-2021)

4.6

Cash (29-Sept-2019)

17.9m

EV

716.1m
Volex's current market capitalization is £724 m.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

319.6m322.4m372.1m

Revenue growth, %

(13%)1%15%

Cost of goods sold

277.2m266.5m298.6m

Gross profit

42.3m55.8m73.5m
Half Year
USDH1, 2018H1, 2019H1, 2020

Revenue

161.4m182.4m195.7m

Cost of goods sold

132.6m150.1m150.4m

Gross profit

28.9m32.3m45.3m

Gross profit Margin, %

18%18%23%
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

29.6m24.8m20.9m

Accounts Receivable

53.4m56.2m71.3m

Inventories

36.0m40.7m49.1m

Current Assets

127.6m130.2m151.3m
Half Year
USDH1, 2018H1, 2019H1, 2020

Cash

23.5m24.6m17.9m

Accounts Receivable

60.0m72.1m76.6m

Inventories

41.6m51.5m54.4m

Current Assets

134.1m156.0m157.8m
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

(7.0m)3.9m9.2m

Depreciation and Amortization

5.4m3.2m5.8m

Inventories

5.4m(4.0m)606.0k

Accounts Payable

3.1m1.5m(15.1m)
Half Year
USDH1, 2018H1, 2019H1, 2020

Net Income

3.5m3.3m7.8m

Depreciation and Amortization

1.5m1.6m1.8m

Inventories

(5.3m)(2.8m)1.2m

Accounts Payable

4.3m(11.5m)(7.0m)
USDFY, 2017

EV/EBIT

-3.8 x

EV/CFO

1.6 x

Revenue/Employee

53.2k

Debt/Equity

0.4 x

Debt/Assets

0.1 x

Financial Leverage

3.3 x

P/E Ratio

(0.1)
Show all financial metrics

Volex Operating Metrics

FY, 2016FY, 2017FY, 2018

PVC Cables Sold

144.1 m140.2 m123.8 m

Halogen-free Cables Sold

16.3 m9 m8 m

Duck Heads Sold

18.1 m18.7 m17.7 m

Wiring Harnesses Sold

30.3 m36.5 m44.4 m
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Volex Acquisitions / Subsidiaries

Company NameDateDeal Size
GTK UKDecember 11, 2018
Silcotec EuropeMay 24, 2018$16 m
AppliedMicro-Active Optical Technology PlatformJanuary 14, 2013$2 m
Cable products Limited
Indirectly Held
Interests in Associates
Ionix Development Company Limited
Kepler SignalTek
Mayor (UK) Limited
Pencon Limited
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Volex Revenue Breakdown

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Volex revenue breakdown by business segment: 53.4% from Power Cords and 46.6% from Cable Assemblies

Volex revenue breakdown by geographic segment: 23.1% from Europe, 44.2% from Asia (excl. India), 32.1% from North America and 0.6% from Other

Volex Cybersecurity Score

Cybersecurity ratingPremium dataset

B

86/100

SecurityScorecard logo

Volex Online and Social Media Presence

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Volex News and Updates

Volex (LON:VLX) Has Announced That It Will Be Increasing Its Dividend To UK£0.022

Volex plc's (LON:VLX) dividend will be increasing to UK£0.022 on 6th of August. Even though the dividend went up, the yield is still quite low at only 0.9%.

Acquisition Share Incentive Awards and TVR

Further to the announcements dated 30 July 2019 and 2 March 2020 regarding the acquisition of Servatron, Inc ("Servatron"), Volex plc (AIM:VLX) is pleased to confirm that Servatron has exceeded the operating profit targets for the year ended 31 December 2020. As a result, under the acquisition ret…

Notice of AGM and Publication of Annual Report and Accounts

Volex plc (AIM:VLX), the leading integrated manufacturing specialist for performance-critical applications and supplier of power products, is pleased to announce the publication of its Notice of Annual General Meeting ('AGM') for 2021 and its Annual Report and Accounts for the 2021 financial year.

UPDATE 1-British cable maker Volex moves some production out of China

Electrical cable supplier Volex Plc said on Thursday it had moved some of its production out of China in response to U.S. import tariffs on Chinese goods imposed by President Donald Trump's administration.

Power Cords 2018 Global Market Key Players – Volex, Longwell, Electri-Cord, Feller – Analysis and Forecast to 2022

WiseGuyRerports.com Presents “Global Power Cords Market Report 2018” New Document to its Studies Database Posted via Industry Today. Follow us on Twitter @IndustryToday

Power Cords & Extension Cords Market 2018 Global Analysis By Key Players – Volex, Longwell, Electri-Cord, Feller, Quail Electronics , HL TECHNOLOGY, Hongchang Electronics

WiseGuyReports.Com Publish a New Market Research Report On –“ Power Cords & Extension Cords Market 2018 Analysis By Key Players – Volex, Longwell, Electri-Cord, Feller, Quail Electronics  , HL TECHNOLOGY, Hongchang Electronics”. Posted via Industry Today. Follow us on Twitter @IndustryToday

Volex Blogs

Coinstar, LLC selects Volex PLC as its Contract Manufacturing Partner

                                                                                                              [...] The post Coinstar, LLC selects Volex PLC as its Contract Manufacturing Partner appeared first on Volex.

Volex Frequently Asked Questions

  • When was Volex founded?

    Volex was founded in 1894.

  • Who are Volex key executives?

    Volex's key executives are Nat Rothschild, John Molloy and Jon Boaden.

  • How many employees does Volex have?

    Volex has 6,158 employees.

  • What is Volex revenue?

    Latest Volex annual revenue is $372.1 m.

  • What is Volex revenue per employee?

    Latest Volex revenue per employee is $60.4 k.

  • Who are Volex competitors?

    Competitors of Volex include Yazaki Europe, Hellenic Cables Group and Amphenol.

  • Where is Volex headquarters?

    Volex headquarters is located at Bond Cl, Basingstoke.

  • Where are Volex offices?

    Volex has offices in Basingstoke, Suzhou, Zhongshan, Sekupang and in 4 other locations.

  • How many offices does Volex have?

    Volex has 8 offices.