Pre-Close Trading Update

Summary by AI BETAClose X

Victrex plc has announced a positive pre-close trading update, now expecting full-year 2026 underlying profit before tax to be between £45 million and £47 million, exceeding prior guidance of £42 million to £44 million due to strong fourth-quarter momentum driven by Aerospace, Value Added Resellers, and Electronics, with growth across all regions, particularly Asia Pacific. The company also completed the divestment of its US-based Kleiss Gears business for an exceptional loss on disposal of approximately £3 million, reflecting a focused strategy on core operations, and has implemented a 10% headcount reduction expected to yield at least £10 million in annualised savings from its Profit Improvement Plan in FY 2027.

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Victrex plc (VCT)
UK 100

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