Victrex 2018 interim results
• Continued broad based growth
- Group sales volumes up 21% driven by core growth & new applications
- Core volumes (ex-Consumer Electronics) up 13%
- Group revenue up 27%, constant currency revenue up 15%
- Strong performances in Automotive & Electronics, offset by Medical (in constant currency)
- Profit before tax (PBT) up 26%, supported by H1 currency weighting
• Further milestones in new product pipeline
- Dental supply agreement to enhance market access
- First parts supplied for PEEK Gears mega-programme & further opportunities
- Magma on track for full year growth & new Brazil deep-water opportunity
- Commissioning of TxV Aero Composites facility in H2 2018
• Strong cash generation supports investment & shareholder return
- Cash (available) up 7% to £91.8m and operating cash conversion of 106%
- Interim dividend up 10% to 13.42p/share
