Victrex plc (VCT)

Sector:

Industrial Chemicals

Index:

FTSE 250

1,283.00p
   
  • Change Today:
      10.00p
  • 52 Week High: 1,676.00
  • 52 Week Low: 1,230.00
  • Currency: UK Pounds
  • Shares Issued: 87.03m
  • Volume: 33,279
  • Market Cap: £1,116.66m
  • RiskGrade: 112

Victrex interim profits dip but revenues grow

By Michele Maatouk

Date: Monday 09 May 2022

LONDON (ShareCast) - (Sharecast News) - High performance polymer solutions supplier Victrex posted a drop in interim profits on Monday but a jump in revenues thanks to a strong performance in most industrial end markets.
In the six months to the end of March, underlying pre-tax profit ticked up 3% to £48.2m, but reported pre-tax profit was down 6% to £43.6m, reflecting £4.6m of exceptional items relating to one-off software implementation expenses.

Group revenue rose 6% to £160.1m, reflecting a strong performance in most Industrial end markets and a better performance in the medical division, while volumes jumped 8% to 2,264 tonnes.

Chief executive Jakob Sigurdsson said it was a strong first half, with further improvement across all end markets, good progress in the medical business as elective surgeries returned in greater numbers and improved average selling prices compared to the second half of 2021.

"Our core business and PEEK offering continue to be strong, with a clear focus on increasing the proportion of sustainable products which bring environmental and societal benefit," he said.

"For the remainder of FY 2022, we anticipate continuing volume growth, which is likely to see growth of a similar magnitude to the first half, although we are mindful of the potential for a changing global economic environment later in the year. Mitigation plans for recovering additional inflation are making good progress although, as previously communicated, gross margin in the second half is likely to be slightly lower than the first, primarily as a consequence of currency movements. Nevertheless, for FY 2022 as a whole, we remain focused on delivering good year-on-year growth."

At 0815 BST, the shares were down 4.2% at 1,722p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Victrex plc Market Data

Currency UK Pounds
Share Price 1,283.00p
Change Today 10.00p
% Change 0.79 %
52 Week High 1,676.00
52 Week Low 1,230.00
Volume 33,279
Shares Issued 87.03m
Market Cap £1,116.66m
RiskGrade 112

Victrex plc Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
8.49% above the market average8.49% above the market average8.49% above the market average8.49% above the market average8.49% above the market average
62.50% above the sector average62.50% above the sector average62.50% above the sector average62.50% above the sector average62.50% above the sector average
Price Trend
41.26% below the market average41.26% below the market average41.26% below the market average41.26% below the market average41.26% below the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Income
57.83% above the market average57.83% above the market average57.83% above the market average57.83% above the market average57.83% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
84.11% below the market average84.11% below the market average84.11% below the market average84.11% below the market average84.11% below the market average
88.89% below the sector average88.89% below the sector average88.89% below the sector average88.89% below the sector average88.89% below the sector average

What The Brokers Say

Strong Buy 1
Buy 3
Neutral 4
Sell 1
Strong Sell 2
Total 11
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Victrex plc Dividends

  Latest Previous
  Final Interim
Ex-Div 25-Jan-24 25-May-23
Paid 23-Feb-24 03-Jul-23
Amount 46.14p 13.42p

Trades for 28-Mar-2024

Time Volume / Share Price
14:57 159 @ 1,283.00p
14:57 151 @ 1,283.00p
14:57 5 @ 1,283.00p
14:57 42 @ 1,283.00p
14:57 203 @ 1,283.00p

Victrex plc Key Personnel

CEO Jakob Sigurdsson

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