12 April 2012 – trading update

A re-assuring trading update from Volex, the global provider of electrical, digital and optical connections, for the last three months of the financial year to 31 March has seen the shares tick higher.  Although trading conditions remain challenging the group has proved its resilience and strong cash generation means that it will end the year in a net cash position, ahead of market expectations.  Pre-tax profits for the year just ended should emerge at £17.3m for earnings per share of 24p – with further progress expected in the coming year the shares are a BUY.