Highlights:
Group volumes and revenue ahead
Good underlying trading in VPS; Invibio stabilised
Gross margins remain strong at 66.6%
Continued investment in key growth programmes
Full year dividend increased by 15% to 43.0p per share
Anita Frew, Chairman of Victrex, said: "I am pleased to report that we delivered a resilient performance at Victrex this year, with good underlying trading and improvement in the second half year.
"This has been a year of investment in our business to accelerate and underpin our future growth; investment in new capacity, in innovation and in new talent, to build, enhance and further differentiate our capabilities now and into the future. Whilst continuing to invest, we were able to maintain our strong profitability, with record cash generation and strong margins.
"Whilst it remains early in our new financial year, our momentum from the second half of 2013 has continued, with good underlying growth in VPS and recovery in Invibio. Although we remain mindful of the wider macro-economic environment, we are encouraged by the potential across our business."
