Following deferral of the interim dividend, and reflecting good cash generation, the Victrex Board has chosen to reinstate dividends, with a final dividend of 46.14p, bringing total dividends for the year to 46.14p (only the final dividend will be paid this year).
Other financial highlights include:
- FY cash £73.1m; operating cash conversion of 101%
- Committed and undrawn RCF of £20m, with £20m accordion
- UK debottlenecking programme paused to reflect demand outlook
- Strong inventory position (FY 2020: £98.5m) to manage Brexit transition