Victrex Q3 Group Revenue, Sales Volume Climb; Sees FY21 Results Closer To Upper End Of Market View

Victrex Plc. (VCT.L), a supplier of high performance polymer solutions, reported Friday that its third-quarter Group revenue climbed 37 percent to 80.7 million pounds from last year's 58.8 million pounds.

Third-quarter Group sales volume was 1,202 tonnes, 49 percent ahead of the prior year's 805 tonnes. Overall, the company said it is seeing continued momentum in most end markets and delivered a strong quarter.

On a year-to-date basis, Group sales volume of 3,289 tonnes grew 18 percent, and Group revenue of 231.6 million pounds increased 10 percent.

Looking ahead, Jakob Sigurdsson, Chief Executive of Victrex, said, "..we are continuing to see a solid recovery from the impact of COVID-19 on our business. Reflecting the volume strength on a year to date basis, we now see the potential for some upside to current full year expectations, with our internal assumptions being closer to the upper end of market expectations."

Victrex will report its Preliminary Results for 2021 on December 6.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
HSBC Holdings Plc shares were gaining In London trading as well as in pre-market activity on the NYSE after the Asia-focused lender backed its positive outlook after reporting significantly higher third-quarter profit. Further, the company announced share buyback of $2 billion, which will be commenced shortly. Walmart is recalling certain Aromatherapy Room Spray due to the possible presence of a rare and dangerous bacteria that is suspected to be behind two deaths in the United States, the U.S. Consumer Product Safety Commission said. The recall involves about 3,900 bottles of Better Homes and Gardens-branded Essential Oil Infused Aromatherapy Room Spray with Gemstones in six different scents. Royal Caribbean Group's ultra-luxury brand Silversea Cruises is set to launch the world's first hybrid-powered cruise ship in the summer of 2023. This will also be the first ship with large-scale fuel cell technology to enable emission-free port operations. The fuel cells will provide 100% of power while at port.
Follow RTT