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11 November 2021 Volex plc ( " Volex " ) , the global supplier of integrated manufacturing services and power products , today announces its half year results for the 26 weeks ended 3 October 2021 ( " H1 FY2022 " ) . Financial Summary Revenue VOLEX plc Half year results for the 26 weeks ended 3 October 2021 Strong trading and strategic progress with investment in growth Underlying * operating profit Statutory operating profit Underlying profit before tax Statutory profit before tax Basic earnings per share Interim dividend per share ● ● 26 weeks to 3 October 2021 $ 21.2m $ 25.4m $ 19.4m 11.0c 1.2p $ 21.8m Net debt / ( cash ) ( before lease liabilities ) ** * Before adjusting items ( non - recurring items and amortisation of acquired intangibles ) and share - based payments ** Net debt / ( cash ) is presented before lease liabilities of $ 18.3m ( 4 October 2020 : $ 11.7m ) ● $ 292.7m $ 27.3m Financial and Operational Highlights Strong reported revenue growth of 44.5 % to $ 292.7m reflecting high levels customer demand in all sectors 26 weeks to 4 October 2020 $ 202.5m $ 20.8m $ 14.3m $ 20.9m $ 14.4m 10.2c 1.1p ( $ 32.0m ) % Change 44.5 % 31.3 % 48.3 % 21.5 % 34.7 % 7.8 % 9.1 % 1 Underlying operating profit increased by 31.3 % to $ 27.3m supported by robust management of inflationary cost pressures and a proactive approach to successfully manage extended lead times in global supply chains Announced three North American acquisitions , two of which were announced post period - end , focused on defence , military aerospace , off - highway automotive and consumer electricals Delivered further investment with vertical integration in the high - growth and strategically significant markets of electric vehicles and high - speed data centre cables Interim dividend increased by 9.1 % to 1.2 pence per share reflecting confidence in ongoing prospects of the business Market Highlights Electric Vehicles continued excellent sales growth of 210 % year - on - year in electric vehicles market reflecting strong position in grid - cords as well as expansion into other products Consumer Electricals - demand for consumer electricals buoyant with sales up 74 % year on - year , including positive impact from the acquisition of DE - KA Medical - sales to medical customers increased 15 % as sector begins its recovery from Covid - 19 with access to hospitals starting to improve Complex Industrial Technology demand for complex assemblies returned , although slight reduction in year - on - year revenue following high levels of demand for data centre products in the first half of FY2021