Victrex plc (VCT) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

JP Morgan in London and those joining us online as well to RIC-TREX's full year results presentation for 2025. I'm Jakob Sigurdsson, CEO of RIC-TREX. Before we turn to the results summary in what has been a particularly challenging year for RIC-TREX and of course the chemical industry at large, I do want to highlight a couple of slides on slides two and three in the presentation. We'll call them out as we go along. to put things in perspective and also tell you a little bit about how we are addressing the challenges we faced in FY25 and continue to face that underline that the long-term prospects and opportunities for Vitrex remain very strong. We are addressing these ongoing challenges and we have been doing that in the past couple of years as well. We're also announcing a profit improvement plan today that builds on our self-help in 2025, but also leverages the recent investments in infrastructure, foundational investments like digital and other things to make us more efficient. We've now concluded those investments, as you clearly see in our CAPEX profile, and are now continuing to drive improvements on the back of these in many different areas. But it is very important to note that that we do remain a world leader in Peak. Nobody has more experience with application development in Peak. Nobody has more data on how Peak is produced, how it processes, and what needs to be considered when converting it into performing parts and forms. We have a large addressable market, probably 5X, you know, what we're seeing being sold today, and very well aligned to strong megatrends whether they are metal replacement or striving for clinical benefits on behalf of patients. And with a very differentiated portfolio around which we build a good intellectual property estate that wil...