Business
Victrex plc - Preliminary Results 2021
Victrex plc - Preliminary Results 2021.
About this update from Victrex Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 5968U\n Victrex PLC\n 06 December 2021\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 6 December 2021 \n \n \n \n \n \n Victrex plc - Preliminary Results 2021\n \n \n \n \n \n 'Solid & sustainable recovery: FY volumes +25%, strong cash generation & 50p/share special dividend'\n \n \n \n \n \n Victrex plc is an innovative world leader in high performance polymer solutions, delivering sustainable products which support CO2 reduction and bring environmental and societal benefit in multiple end-markets. Today's announcement covers our preliminary results (audited) for the 12 months ended 30 September 2021.\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n FY 2021\n \n \n \n \n FY 2020\n \n \n \n \n % change (reported)\n \n \n \n \n % change \n \n \n (constant currency)1\n \n \n \n \n \n \n Group sales volume\n \n \n \n \n 4,373 tonnes\n \n \n \n \n 3,492 tonnes\n \n \n \n \n +25%\n \n \n \n \n N/A\n \n \n \n \n \n \n Group revenue\n \n \n \n \n £306.3m\n \n \n \n \n £266.0m\n \n \n \n \n +15%\n \n \n \n \n +20%\n \n \n \n \n \n \n Gross profit \n \n \n \n \n £165.3m\n \n \n \n \n £142.4m\n \n \n \n \n +16%\n \n \n \n \n +20%\n \n \n \n \n \n \n Gross margin \n \n \n \n \n 54.0%\n \n \n \n \n 53.5%\n \n \n \n \n +50bps\n \n \n \n N/A\n \n \n \n \n \n \n Underlying PBT\n 1\n \n \n \n \n £91.7m\n \n \n \n \n £75.5m\n \n \n \n \n +21%\n \n \n \n \n +30%\n \n \n \n \n \n \n Reported PBT\n \n \n \n \n £92.5m\n \n \n \n \n £63.5m\n \n \n \n \n +46%\n \n \n \n \n +60%\n \n \n \n \n \n \n Underlying EPS1\n \n \n \n \n 83.4p\n \n \n \n \n 75.3p\n \n \n \n \n +11%\n \n \n \n \n \n \n \n \n \n EPS\n \n \n \n \n 84.3p\n \n \n \n \n 62.6p\n \n \n \n \n +35%\n \n \n \n \n \n \n \n \n \n Dividend per share (regular & special dividends) \n \n \n \n \n 109.56p\n \n \n \n \n 46.14p\n \n \n \n \n +137%\n \n \n \n \n N/A\n \n \n \n \n \n \n \n \n \n Highlights:\n \n \n \n \n \n • \n \n Solid & sustainable recovery; FY volumes +25%\n \n \n \n - \n \n FY sales volume up 25% driven by improving end-markets\n \n \n \n - \n \n Double-digit YoY growth in Electronics, Energy & Industrial, VAR\n \n \n \n - \n \n Improvement in Automotive with volumes +18% despite Semico...