Business
Final Results
Final Results.
About this update from Victrex Plc
[{"type":"text","content":"\n \nRNS Number : 3596Y Victrex PLC 05 December 2017 \n\n \n \n \n5 December 2017\n \nVictrex plc - Preliminary Results 2017\n \n'Strong core growth & record cash generation'\n \nVictrex plc, an innovative world leader in high performance polymer solutions, today announces its preliminary results for the 12 months ended 30 September 2017.\n \n\n\n\n\n\n\n\nFY 2017\n\n\nFY 2016\n\n\n% change\n\n\n\n\nGroup sales volumes\n\n\n3,992 tonnes\n\n\n3,952 tonnes\n\n\n +1%\n\n\n\n\nGroup revenue\n\n\n£290.2m\n\n\n£252.3m\n\n\n+15%\n\n\n\n\nGross profit\n\n\n£183.8m\n\n\n£158.7m\n\n\n +16%\n\n\n\n\nGross margin\n\n\n63.3%\n\n\n62.9%\n\n\n +40 bps\n\n\n\n\nProfit before tax (PBT)\n\n\n£111.0m\n\n\n£100.3m\n\n\n +11%\n\n\n\n\nEPS\n\n\n116.4p\n\n\n96.8p\n\n\n +20%\n\n\n\n\nDividend per share\n(regular & special dividend)\n\n\n121.80p\n\n\n46.82p\n\n\n +160%\n\n\n\n\n \nHighlights:\n \n• Strong core business* growth, fully offsetting lower Consumer Electronics\n- Core business volumes up >15% reflecting broad based growth & new applications \n- Total sales volumes up 1%\n- Group revenue up 15%, constant currency revenue* up 3%\n- Strong performances in Automotive, Electronics (ex-Consumer), Value Added Resellers, Energy\n \n• Further progress in new product pipeline\n- PEEK Gears supply agreement to major European car manufacturer starting in 2018\n- Meaningful revenue of £1m+ for PEEK-OPTIMATM HA-Enhanced Spine product\n- Medium term aspiration for 10-20% of sales from new products* (2017: 4%)\n \n• Investment to underpin Polymer &...