February 8, 2017 / 7:19 AM / 7 months ago

BRIEF-Victrex says comfortable with full-year 2017 expectations

Feb 8 (Reuters) - Victrex Plc:

* AGM and Q1 interim management statement

* Made a solid start to 2017, with a strong performance in core business compared to a weak Q1 2016

* Q1 2017 sales volumes in core business (excluding consumer electronics) were 25 pct ahead of prior year quarter

* Electronics, outside of large consumer electronics order, also saw growth

* Q1 2017 performance was offset by medical, which was behind last year, principally due to phasing.

* Q1 2017 group revenue of 55.7 mln stg was broadly in line with prior year (Q1 2016: 56.0 mln stg)

* Q1 2017 group volumes of 810 tonnes down 6 pct (Q1 2016: 860 tonnes)

* Q1 2017 performance reflected, as expected, very limited volumes from large consumer electronics order, compared to much stronger volumes in prior year.

* No significant changes to its financial position since Sept.30 2016.

* Remain comfortable with expectations for 2017 Source text for Eikon: Further company coverage: (Bengaluru Newsroom)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below