Victrex has issued an encouraging full year pre close update, which confirms a “good finish to 2015”. Overall performance is said to be in line with expectations after a robust fourth quarter. Revenue was 4% ahead of the prior year at £263.5m, slightly ahead of our £260.5m forecast. Volume increased by 19% to 4,217 tonnes driven by the significant momentum in Consumer Electronics, which easily offset the volume decline in Oil & Gas. The growth outlook is described as positive at the start of the ....
