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Victrex PLC (VCTX.L)

VCTX.L on London Stock Exchange

2,762.00GBp
23 May 2018
Change (% chg)

-42.00 (-1.50%)
Prev Close
2,804.00
Open
2,794.00
Day's High
2,800.00
Day's Low
2,754.00
Volume
189,005
Avg. Vol
246,627
52-wk High
2,842.00
52-wk Low
1,826.00

Latest Key Developments (Source: Significant Developments)

Polymer Maker Victrex Appoints ‍richard Armitage Finance Director
Wednesday, 28 Mar 2018 

March 28 (Reuters) - Victrex Plc ::VICTREX - ‍RICHARD ARMITAGE, FINANCE DIRECTOR OF SAMWORTH BROTHERS, WILL JOIN VICTREX ON 9 APRIL 2018, INITIALLY AS GROUP FINANCE DIRECTOR- DESIGNATE​.VICTREX - ‍RICHARD WILL WORK THROUGH AN ORDERLY TRANSITION WITH LOUISA BURDETT, FINANCE DIRECTOR, FOR THREE WEEKS, BECOMING FINANCE DIRECTOR ON 1 MAY.VICTREX PLC - ‍LOUISA WILL STEP DOWN FROM BOARD AND IS EXPECTED TO LEAVE VICTREX ON 30 APRIL​.  Full Article

Victrex Says Q1 Revenue Up 41 Pct To 78.7 Mln Stg
Friday, 9 Feb 2018 

Feb 9 (Reuters) - Victrex Plc ::Q1 REVENUE OF 78.7 MLN STG, 41 PCT AHEAD OF PRIOR YEAR PERIOD.Q1 GROUP SALES VOLUME OF 1,051 TONNES, 30 PCT AHEAD OF THE PRIOR YEAR.2018 UNDERLYING MOMENTUM "BROADLY UNCHANGED" FROM SECOND HALF OF 2017.CURRENCY REMAINS SUPPORTIVE FOR 2018, WITH MOST FAVOURABLE CURRENCY RATES COMING IN H1.LOOKING FURTHER AHEAD, STERLING’S RE-RATING CURRENTLY IMPLIES INCREASING HEADWIND FOR 2019.  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 Q3 group revenue was up 26 pct to 76.3 mln STG
Tuesday, 25 Jul 2017 

July 25 (Reuters) - Victrex Plc :Q3 GROUP REVENUE WAS UP 26% TO £76.3M (Q3 2016: £60.6M).Q3 GROUP SALES VOLUME UP 6% TO 1,022 TONNES (Q3 2016: 966 TONNES).YEAR TO DATE GROUP SALES VOLUME OF 2,881 TONNES IS 5% UP ON PRIOR YEAR (2016 YTD: 2,736 TONNES).YEAR TO DATE GROUP REVENUE OF £207.3M UP 17% (2016 YTD: £177.6M).FOR REMAINDER OF 2017, CONSUMER ELECTRONICS VOLUMES ARE NOW EXPECTED TO BE LOWER THAN OUR PREVIOUS GUIDANCE.REMAINS WELL PLACED FOR 2017 AND WE CONTINUE TO BE COMFORTABLE WITH CURRENT EXPECTATIONS.  Full Article

Victrex HY total sales up 5 pct
Monday, 15 May 2017 

May 15 (Reuters) - Victrex Plc ::HY total sales volumes up 5 pct.HY core volumes up 19 pct, offsetting lower year on year consumer electronics.HY group revenue up 12 pct, constant currency revenue up 4 pct.Record core volumes in Q2 of >1000 tonnes, driven by automotive, electronics (ex-consumer), value added resellers in HY.HY medical remains muted, reflecting mature U.S. spine market.10 mln stg acquisition of Zyex PEEK fibres business to expand semi-finished products offering.HY group revenue in constant currency was 4 pct ahead of prior year (h1 2016: 126.1 mln stg in constant currency).HY group gross margin of 62.9 pct (H1 2016: 62.9 pct) was in line with prior year.Note that there is potential for variability in scale of consumer electronics volumes during second half, with visibility remaining low.Overall expectations are unchanged.HY electronics sales volumes overall were down 36 pct to 233 tonnes (H1 2016: 365 tonnes).Excluding lower year on year volumes from large consumer electronics order, electronics volumes were around 50 pct ahead in HY.  Full Article

Victrex CEO to resign, Jakob Sigurdsson appointed CEO designate
Wednesday, 19 Apr 2017 

April 19 (Reuters) - Victrex Plc ::David hummel to retire as chief executive.Jakob Sigurdsson appointed as chief executive designate.Sigurdsson will join company on Sept. 1 2017 as chief executive-designate, following an extensive search process..Hummel will retire from company on March 31 2018.Hummel will step down as CEO on Sept. 30, but to enable an orderly transition will remain on board as exec director until AGM in February 2018.Sigurdsson will succeed Dave as chief executive and join board on Oct.1 2017..  Full Article

Victrex buys UK-based Zyex for 10 mln stg in cash
Thursday, 6 Apr 2017 

Victrex Plc :Acquired UK based Zyex for cash consideration of 10 mln stg.  Full Article

Victrex says comfortable with full-year 2017 expectations
Wednesday, 8 Feb 2017 

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.  Full Article

Victrex sticks by its FY expectations after in-line Q3
Tuesday, 26 Jul 2016 

Victrex Plc : Performance continued in line with our expectations during Q3 . Remain on track for a second half improvement and are comfortable with current expectations for full year . Q3 revenue fell 6 percent to 60.6 million stg .Early planning assumptions for 2017 now suggest consumer electronics volumes will be significantly lower, compared to 2016.  Full Article