Victrex revenues rise but tougher times ahead

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Victrex revenues rise but tougher times ahead
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Niche plastics supplier Victrex (LON:VCT) said third quarter revenue rose 10% to £84 million, but warned of a tougher final three months ahead as it forecast no sales volumes from a large consumer electronics order and currency headwinds.

“With continued momentum in our core business and milestones in our mega-programmes, we remain well positioned to continue driving growth as part of our polymer and parts strategy,” the group said.

“Although growth comparatives will be tougher in Q4, and we will see currency becoming a headwind, Victrex remains comfortable with full-year expectations. Overall, we are on track to deliver a strong performance for FY18 as a whole.”

Victrex shares climbed 66p to 3,072p (as at 11:23 BST).

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