AGM Statement

RNS Number : 7157M

Volex PLC

18 July 2014

 



18 July 2014

Volex plc

Annual General Meeting and Interim Management Statement

Volex plc ('Volex' or the 'Group'), the leading global provider of power and data cabling solutions, is today holding its Annual General Meeting during which the Chairman will make the following statement on trading for the three months ended June 2014.

"It is pleasing to confirm that the trading recovery that was reported at the time of the Group's preliminary results announcement on 12 June 2014 has continued. Results for the first quarter of the year were ahead of our expectations in terms of both revenues and profitability. The successful fund raising and renewal of banking facilities announced alongside the preliminary results has meant that the Group can move forward with delivering the Volex Transformation Plan at an accelerated pace and thereby ensuring that a return to growth can be ensured in a sustainable manner.

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For further information please contact:

Volex plc

Christoph Eisenhardt                   Chief Executive Officer   [phone]

Nick Parker                                   Chief Financial Officer  [phone]

Tulchan Communications

Christian Cowley / James Macey White                                 [phone]

Forward looking statements

 Certain statements in this announcement are forward-looking statements which are based on Volex's expectations, intentions and projections regarding its future operating performance and objectives, anticipated events or trends and other matters that are not historical facts. Forward-looking statements are sometimes, but not always, identified by their use of a date in the future or such words as 'anticipates', 'aims', 'could', 'may', 'should', 'expects', 'believes', 'intends', 'plans', 'targets', 'goal' or 'estimates'. By their very nature forward-looking statements are inherently unpredictable, speculative and involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. Factors that could cause or contribute to such differences include, by way of example only and not limited to, general economic conditions, currency fluctuations, competitive factors, the loss or failure of one or more major customers, changes in raw materials or labour costs. Given these risks and uncertainties, prospective investors are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date of such statements and, except as required by applicable law, Volex undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

 

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