Victrex Plc (VCT.L), a provider of high performance materials, Tuesday reported a slight increase in sales volume for the first half, despite continued global economic challenges. The company added that the initial order book for April is robust, even as it remains vigilant of the challenges that persist in some of its end markets. The shares declined around 3 percent in the morning trade on London Stock Exchange.
In its half-year trading update for the six months ended March 31, the manufacturer of VICTREX PEEK polymer, a high performance, easy to process thermoplastic, said its group sales volume for the first half was 1,392 tonnes, higher than 1,377 tonnes in the same period last year.
The increase in volume reflected a stronger performance from Victrex Polymer Solutions business in the second quarter with group sales volume of 752 tonnes, compared to the first quarter of 640 tonnes.
According to the company, the first-half has also seen continued progress from speciality products, predominantly driven by success in Aptiv films business.
In Invibio Biomaterial Solutions business, revenues for the first half declined to 24.2 million pounds from 25.5 million pounds a year ago. The company noted that the de-stocking reported at selected spine customers in the second half of last year has continued to the first half of this year.
Victrex is slated to release its first-half results on Tuesday, May 28.
Looking ahead, the company said in its statement, "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."
The company added that its capital investment program remains on track, including Victrex PEEK capacity expansion as well as projects to further develop capability in downstream processing such as film, pipes and composites.
In addition, the company announced the appointment of Martin Court as Managing Director of Invibio business. Prior to joining Victrex, Court was Vice President of In Process Separation at Cytec Industries Inc.
In London, Victrex shares are currently trading at 1,540 pence, down 55 pence or 3.45 percent.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.