Victrex plc (VCT) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, ladies and gentlemen, and welcome to the Victrex interim results. At this time, all participants are in listen-only mode. Later, we will pick up the question and answer session through the phone lines, and instructions will follow at that time. I would like to remind all participants that this call is being recorded. I will now hand over to CEO of Victrex QSC, Dr. James Rickard, for the presentation. Please go ahead. Good morning, everybody, and welcome to the Victrex interim results presentation. For those that don't know me, I'm James Routh, and I've been CEO at Vectrex since January. And I spent the first four months working at pace on the short-term actions needed to address the performance issues we've seen over the past few years, along with reviewing and updating our medium-term strategy. That being said, I've been greatly impressed by the passion and capabilities of the Vectrex team, and the fundamentals of the business remain robust. So, I'm confident that we can drive dramatically improved financial performance over the medium term. Today, I'm joined by our CFO, Ian Melling, and our Director of Investor Relations, Andrew Hanson. So in terms of the agenda today, I'm going to take you through the headlines of our H1 results, and then some updates on our end market. Before Ian will take you through the financial performance. Then I'll come back and give you my initial observations of Bitprep, provide an update on the previously announced profit improvement plan, and provide a high level overview of our strategic framework before providing a summary announcement. and then we'll turn to Q&A. So, overall, the first half of the year was characterized by a weak Q1, offset by a strong Q2, resulting in overall revenues up 1% on the prior year. The weekly Q1...