Victrex has announced a pleasing set of results this morning, which are slightly ahead of our forecast at the PBT level (£106.4m versus our £103.5m). Revenue (+4% to £263.5m) and volume (+19% to 4,217) had been pre-announced. The outlook is encouraging despite the likely continued impact of weaker oil & gas and Invibio sales during H1’16. Full year guidance is for year on year progress, which is in line with expectations (we are looking for PBT of £110.0m). Commercial highlights include the conf ....
08 Dec 2015
Positive results and new special dividend programme (from 2016)
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Positive results and new special dividend programme (from 2016)
Victrex plc (VCT:LON) | 1,268 -25.4 (-0.2%) | Mkt Cap: 1,103m
- Published:
08 Dec 2015 -
Author:
James Tetley -
Pages:
3
Victrex has announced a pleasing set of results this morning, which are slightly ahead of our forecast at the PBT level (£106.4m versus our £103.5m). Revenue (+4% to £263.5m) and volume (+19% to 4,217) had been pre-announced. The outlook is encouraging despite the likely continued impact of weaker oil & gas and Invibio sales during H1’16. Full year guidance is for year on year progress, which is in line with expectations (we are looking for PBT of £110.0m). Commercial highlights include the conf ....