Victrex Lifts Profit Guidance on Stronger Demand

Earnings
โดย Yahoo Finance·GB·Read original
Summary · why it matters

Victrex, the British specialty chemicals firm, has raised its full-year profit guidance after stronger fourth-quarter trading, sending shares up around 15% and making it one of the FTSE 250's biggest winners. The company now expects underlying pretax profit of £45 million to £47 million for the year ending September 30, up from its previous £42 million to £44 million range, driven by improvements in aerospace, electronics, and value-added resellers, with all geographic regions growing and Asia Pacific particularly strong. Revenue in the third quarter jumped 18% year on year to £84.5 million, with volumes up 17%, while average selling prices remained stable at £68 per kilogram, indicating genuine demand rather than price increases. Cost-cutting measures, including a 10% workforce reduction, are delivering savings, and the company expects at least £10 million of annualized savings by 2027. Victrex also sold its US-based Kleiss Gears business in August, recording an exceptional loss of around £3 million, as part of a portfolio cleanup. The company's high-performance polymers, used in aerospace, electronics, and medical devices, are benefiting from structural trends, and management is expected to provide more detail on its growth strategy later this month.

Impact on stocks 2

Critical Materials & Supply Chain▲ · 1 stocks
Victrex plc
VCT
▲ PositiveDemandCapitalrelevance

Raised full-year profit guidance after stronger Q4 trading with volumes up 17% and growth in aerospace, electronics and Asia Pacific, indicating genuine end-demand.

Artificial Intelligence▲ · 1 stocks

Off-coverage companies 1

Kleiss GearsPrivate▼ Negative
Capitalrelevance

Victrex sold its US-based Kleiss Gears business in August, recording an exceptional loss of around £3 million as part of a portfolio cleanup.

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