SpaceX IPO is the biggest IPO in stock market history. Join the conversation.Click here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksVictrex Regulatory News (VCT)

Share Price Information for Victrex (VCT)

Share Price is delayed by 15 minutes
Get Live Data
620.00    9.00 (1.47%)
Bid:
621.00
Ask:
623.00
Spread: 2.00 (0.322%)
Market Cap: £540.17m
VCT Live PriceLast checked at - London Stock Exchange

Intraday Victrex Share Chart

Trading Statement

9 Apr 2013 07:00

RNS Number : 8085B
Victrex PLC
09 April 2013
 



Victrex plc

 

Half Year Trading Update

 

The Company announces its trading update for the six months ended 31 March 2013.

 

Trading

We are pleased to report that, despite continued global economic challenges, Group sales volume for the first half of 1,392 tonnes was ahead of the same period for last year (1,377 tonnes). As expected, this reflects a stronger performance from our Victrex Polymer Solutions business ('VPS') in the second quarter with Group sales volume of 752 tonnes compared to the first quarter of 640 tonnes. The first half has also seen continued progress from speciality products, predominantly driven by success in our Aptiv® films business.

 

In our Invibio® Biomaterial Solutions business ('Invibio') the de-stocking we reported at selected spine customers in the second half of last year has continued resulting in revenues for the first half of £24.2m compared to £25.5m for the same period last year. We have made further progress with regulatory approvals in the spine market in Asia and the initial response to the launch of our dental product line, JUVORATM, has been positive.

 

Management appointment

We are pleased to report the appointment of Dr Martin Court as Managing Director of our Invibio business. Prior to joining Victrex, Martin was Vice President of In Process Separation at Cytec Industries Inc. Martin brings a wealth of experience to the management team having held senior strategic, international, general management and technical roles within Cytec, UCB and ICI.

 

Outlook

We remain vigilant of the challenges that persist in some of our end markets, however the initial order book for April is robust.

 

The opportunities to drive growth into new markets, applications and geographies remain strong. We continue to work with customers and end users on focused application development and our key growth programmes to ensure the potential for our business is realised.

 

Our capital investment programme remains on track, including our Victrex PEEK capacity expansion as well as projects to further develop our capability in downstream processing such as film, pipes and composites.

 

 

Victrex will host a conference call at 9.00am today for analysts. If you would like more details, please contact Rosa Smith at MHPC on 0203 128 8560 / Rosa.Smith@mhpc.com.

 

Victrex will announce its results for the six months ended 31 March 2013 on Tuesday 28 May 2013.

 

Enquiries

 

Victrex plc

Steve Barrow, Finance Director 0203 128 8100 (9 April 2013)

01253 897700 (thereafter)

 

MHP Communications

Nick Denton / Barnaby Fry / Ian Payne 0203 128 8100

 

Victrex plc is an innovative world leader in high performance materials through the manufacture of VICTREX® PEEK polymer, a high performance, easy to process thermoplastic.

 

With over 30 years of experience, Victrex is a provider of innovative, high performance thermoplastic polymers. We work with customers and end users globally to deliver technology driven solutions to the challenges and opportunities they face. Our Victrex Polymer Solutions business unit ('VPS') focuses on our transport, industrial and electronics markets and our Invibio® Biomaterial Solutions business unit ('Invibio') focuses on providing specialist solutions for medical device manufacturers.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTUGUWCCUPWGGR
Date   Source Headline
20th May 20147:00 amRNSHalf Yearly Report
19th May 201411:57 amRNSDirector/PDMR Shareholding
30th Apr 20143:16 pmRNSTotal Voting Rights
17th Apr 20142:01 pmRNSDirector/PDMR Shareholding
10th Apr 20142:49 pmRNSHolding(s) in Company
8th Apr 20147:00 amRNSTrading Statement
3rd Apr 20141:33 pmRNSHolding(s) in Company
31st Mar 20144:25 pmRNSTotal Voting Rights
18th Mar 20144:29 pmRNSDirector/PDMR Shareholding
12th Mar 20143:08 pmRNSHolding(s) in Company
3rd Mar 201410:18 amRNSHolding(s) in Company
28th Feb 20142:00 pmRNSTotal Voting Rights
19th Feb 20145:04 pmRNSDirector/PDMR Shareholding
18th Feb 201412:01 pmRNSDirector/PDMR Shareholding
4th Feb 20142:17 pmRNSResult of AGM
4th Feb 20147:00 amRNSAGM and Q1 Interim Management Statement
31st Jan 20143:30 pmRNSDirectorate Change
31st Jan 20149:00 amRNSTotal Voting Rights
17th Jan 201410:07 amRNSDirector/PDMR Shareholding
15th Jan 20144:42 pmRNSHolding(s) in Company
14th Jan 20143:06 pmRNSDirector/PDMR Shareholding
2nd Jan 201411:37 amRNSAnnual Financial Report
31st Dec 20137:00 amRNSTotal Voting Rights
17th Dec 20135:17 pmRNSDirector/PDMR Shareholding
17th Dec 20134:47 pmRNSDirector/PDMR Shareholding
17th Dec 201311:36 amRNSDirector/PDMR Shareholding
13th Dec 20133:14 pmRNSHolding(s) in Company
10th Dec 20137:00 amRNSFinal Results
2nd Dec 20134:19 pmRNSBlocklisting Interim Review
29th Nov 20138:39 amRNSTotal Voting Rights
19th Nov 20132:16 pmRNSDirector/PDMR Shareholding
13th Nov 20133:33 pmRNSDirector Declaration
7th Nov 20137:00 amRNSDirectorate Change
31st Oct 20132:47 pmRNSTotal Voting Rights
25th Oct 201311:46 amRNSHolding(s) in Company
17th Oct 20132:31 pmRNSDirector/PDMR Shareholding
14th Oct 20133:51 pmRNSHolding(s) in Company
14th Oct 20133:48 pmRNSHolding(s) in Company
10th Oct 20137:00 amRNSInvestor Day
8th Oct 20137:00 amRNSTrading Statement
1st Oct 20134:31 pmRNSHolding(s) in Company
30th Sep 20132:56 pmRNSTotal Voting Rights
17th Sep 20133:35 pmRNSDirector/PDMR Shareholding
11th Sep 20133:45 pmRNSHolding(s) in Company
4th Sep 20138:42 amRNSDirector Declaration
30th Aug 20131:53 pmRNSHolding(s) in Company
30th Aug 20138:33 amRNSTotal Voting Rights
19th Aug 20134:07 pmRNSDirector/PDMR Shareholding
2nd Aug 20138:48 amRNSHolding(s) in Company
29th Jul 20137:56 amRNSDirector Declaration

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.