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United Kingdom

Victrex PLC (VCTX.L)

VCTX.L on London Stock Exchange

2,010.00GBp
24 May 2019
Change (% chg)

26.00 (+1.31%)
Prev Close
1,984.00
Open
2,012.00
Day's High
2,036.00
Day's Low
1,993.00
Volume
317,939
Avg. Vol
293,989
52-wk High
3,438.06
52-wk Low
1,973.00

Latest Key Developments (Source: Significant Developments)

Victrex HY Rev, Pretax Profit Falls
Monday, 13 May 2019 

May 13 (Reuters) - Victrex PLC ::HY GROUP SALES VOLUME OF 1,899 TONNES WAS 16% DOWN ON PRIOR YEAR (H1 2018: 2,256 TONNES).HY GROUP REVENUE WAS £145.7M, 13% DOWN ON PRIOR YEAR (H1 2018: £166.6M).HY GROUP PROFIT BEFORE TAX (PBT) OF £50.2M WAS 21% DOWN ON PRIOR YEAR (H1 2018: £63.3M).CURRENCY WAS ADVERSE IN FIRST HALF OF 2019, INCLUDING £2.9M LOSS ON FOREIGN CURRENCY CONTRACTS.FOR FY 2020, CURRENCY IS CURRENTLY INDICATING A SMALL TAILWIND, ALTHOUGH APPROXIMATELY TWO-THIRDS OF HEDGING IS STILL TO BE PLACED.FOR SECOND HALF YEAR, CURRENCY IS BROADLY NEUTRAL.INCLUDING EFFECT OF RAW MATERIAL AND ENERGY INFLATION, GROUP SAW AN IMPACT TO PROFIT OF APPROXIMATELY £7M FOR HY.CONTINUES TO CONSIDER POTENTIAL IMPACT OF BREXIT ON ITS BUSINESS.HAS A TEAM IN PLACE TO MANAGE VARIOUS CONTINGENCIES, THROUGH ANY TRANSITION PERIOD AND BEYOND REGARDING BREXIT.EXPECTATIONS ARE THAT IT WILL NOW BE CHALLENGING TO ACHIEVE YEAR-ON-YEAR GROWTH IN SECOND HALF, COMPARED TO PRIOR YEAR PERIOD.REMAIN WELL PLACED FOR MEDIUM TO LONG TERM.INTERIM DIVIDEND HELD AT 13.42P/SHARE.REVIEWING NEW CAPACITY OPTIONS; POTENTIAL FOR FIRST INVESTMENT IN FY 2019/2020.  Full Article

Victrex Q1 Rev 18 Pct Down To 64.1 Mln STG
Wednesday, 6 Feb 2019 

Feb 6 (Reuters) - Victrex PLC ::Q1 REVENUE 64.1 MILLION STG.AGM AND Q1 INTERIM MANAGEMENT STATEMENT.Q1 REVENUE OF £64.1M WAS 18% DOWN ON PRIOR YEAR.VICTREX - Q1 GROUP SALES VOLUME OF 822 TONNES BEING 22% DOWN ON PRIOR YEAR (Q1 2018: 1,051 TONNES).  Full Article

Victrex To Stockpile Goods Ahead Of Brexit
Tuesday, 4 Dec 2018 

Dec 4 (Reuters) - Victrex PLC ::FY GROUP SALES VOLUMES 4,407 TONNES VERSUS 3,992 TONNES.FY GROUP REVENUE £326.0MLN VERSUS £290.2 MILLION.FY PROFIT BEFORE TAX (PBT) £127.5 MILLION VERSUS £111.0 MILLION.REGULAR DIVIDEND UP 11% TO 59.56P/SHARE AND SPECIAL DIVIDEND OF 82.68P/SHARE.CONTINUE TO BE WELL-PLACED FOR MEDIUM AND LONG TERM.CONTINUES TO CONSIDER POTENTIAL IMPACT OF BREXIT ON ITS BUSINESS.HAS A TEAM IN PLACE TO CONSIDER VARIOUS CONTINGENCIES FOR BREXIT, THROUGH TRANSITION PERIOD AND BEYOND.ADDITIONAL WAREHOUSING FOR FINISHED GOODS STOCK SECURED IN MAINLAND EUROPE AND CHINA.ADDITIONAL WILL ALLOW A MINIMUM OF EIGHT WEEKS OF FINISHED GOODS STOCK TO BE HELD OUTSIDE UK BY END OF MARCH 2019.ALSO SECURED SOME ADDITIONAL RAW MATERIAL STOCKS AHEAD OF BREXIT; GROUP INVENTORIES COULD EXCEED £80M THROUGH FY19 AS A CONSEQUENCE.FOR FY19, CO IS AGAIN BUDGETING FOR SIGNIFICANT INCREASE IN 'BUSINESS-FACING' OVERHEAD INVESTMENT.GUIDANCE FOR GROUP CAPITAL EXPENDITURE FOR MEDIUM TERM AT £20M-£25M PER ANNUM REMAINS UNCHANGED.EXECUTIVE COMMITTEE HAS BEEN ESTABLISHED TO MONITOR BREXIT DEVELOPMENTS AND DIRECT MITIGATING ACTIONS.  Full Article

Victrex Q3 Group Revenue Up 10 Pct To 84 Mln STG
Wednesday, 25 Jul 2018 

July 25 (Reuters) - Victrex PLC ::Q3 GROUP SALES VOLUME WAS UP 14 PERCENT TO 1,161 TONNES.Q3 GROUP REVENUE UP 10 PERCENT TO 84 MILLION STG.REMAINS COMFORTABLE WITH FULL YEAR EXPECTATIONS; ON TRACK TO DELIVER STRONG PERFORMANCE FOR FY18.Q3 SAW SLIGHTLY LOWER CONTRIBUTION FROM LARGE CONSUMER ELECTRONICS ORDER; NO VOLUMES EXPECTED FROM THIS ORDER IN Q4.Q3 MEDICAL REVENUE WAS IN LINE WITH PRIOR YEAR.  Full Article

Victrex Says ‍Louisa Burdett Intents To Step Down As Group Finance Director
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - Victrex Plc ::LOUISA BURDETT NOTIFIED BOARD OF INTENTION TO STEP DOWN DURING 2018 AS GROUP FINANCE DIRECTOR OF COMPANY​.‍RICHARD ARMITAGE WILL JOIN VICTREX ON 9 APRIL 2018, TAKING OVER AS GROUP FINANCE DIRECTOR FROM THAT DATE​.  Full Article

Victrex Posts FY pre-tax profit 111 Mln Stg
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - Victrex Plc ::FY REVENUE 290.2 MILLION STG.FY BASIC EPS 116.4 PENCE.FINAL DIVIDEND 41.6 PENCEPER SHARE.FY ‍TOTAL SALES VOLUMES UP 1%​.‍FY PROFIT BEFORE TAX 111.0 MILLION STG VERSUS 100.3 MILLION STG YEAR AGO.‍APPOINTS PRICEWATERHOUSECOOPERS LLP AS AUDITORS STARTING FROM FY 2018 FINANCIAL YEAR​.  Full Article

Victrex ‍brings on Jakob Sigurdsson as CEO-designate​
Monday, 4 Sep 2017 

Sept 4 (Reuters) - VICTREX PLC ::‍JAKOB SIGURDSSON JOINS VICTREX AS CEO-DESIGNATE​.JAKOB SIGURDSSON HAS STARTED AT VICTREX AS CHIEF EXECUTIVE-DESIGNATE, EFFECTIVE SEPT. 1.  Full Article

Victrex says expect tax rate to be materially lower than previous guidance
Monday, 4 Sep 2017 

Sept 4 (Reuters) - Victrex Plc ::REDUCTION IN GROUP'S EFFECTIVE TAX RATE UNDER PATENT BOX.BASED ON RECENTLY-GRANTED UK PATENTS AND FOLLOWING DISCUSSIONS WITH HER MAJESTY'S REVENUE & CUSTOMS.NOW EXPECT TAX RATE TO BE MATERIALLY LOWER THAN PREVIOUS GUIDANCE.AT A TRADING LEVEL, VICTREX CONTINUES TO BE COMFORTABLE WITH CURRENT EXPECTATIONS.  Full Article

Low & Bonar's CEO to leave after second profit warning in two months

UK-based polymer products maker Low & Bonar's said on Monday its CEO Philip de Klerk is leaving the company as it issued its second profit warning in two months, sending its shares sliding 30 percent.