Victrex PLC
06 April 2004
Tuesday 6 April 2004
Victrex plc
INTERIM TRADING UPDATE
The Company announces its trading update for the six months ended 31 March 2004.
A strong second quarter has resulted in first half sales volume of approximately
865 tonnes, some 17% ahead of both the first and second halves of last year (743
and 738 tonnes).
Asia-Pacific sales at 144 tonnes saw a 48% increase over the second half of last
year (97 tonnes). This step change was the result of our commercial investment
in this region and increased electronics demand. In spite of an unclear
economic outlook in Europe, first half sales volume was 426 tonnes, 7% up on the
second half (398 tonnes). United States volume of 295 tonnes was up 21% on last
year's second half (243 tonnes) largely due to strong electronics demand since
January.
Given that the sustainability of increased electronics demand is uncertain, it
is too early to determine whether this strong first half sales volume will be
maintained in the second half.
The announcement of the Company's results for the six months ended 31 March 2004
will be made on Tuesday, 8 June 2004.
- Ends -
For further information please contact:
Victrex plc
Michael Peacock, Finance Director 01253 897722
Hogarth Partnership Limited
Nick Denton / Tom Leatherbarrow 0207 357 9477
Victrex plc is an innovative, world-leading, high performance polymers group and
manufacturer of Victrex(R) PEEK(TM) polymer. It has manufacturing plants and
research facilities in the UK, and a global network of sales and distribution
centres serving customers based in over 30 countries.
Victrex(R) PEEK(TM) is a high performance, easy-to-process, thermoplastic with a
unique combination of properties including exceptional chemical, wear,
electrical and temperature resistance combined with dimensional stability.
These properties enable engineers to deliver cost effective and improved
components across a broad range of markets in every day life applications such
as heating and cooling systems, coffee machines, cars, microchip manufacture,
aeroplanes, mobile phones and surgical instruments.
This information is provided by RNS
The company news service from the London Stock Exchange
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