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Victrex increases its 2018 interim dividend by 10%

Investment Tools Ltd.
Victrex increases its 2018 interim dividend by 10%

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

Companies mentioned

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