Last checked at 8 Apr 2010 07:00
Half Year Trading Update
The Company announces its trading update for the six months ended 31 March 2010.
We are pleased to announce that first half Group sales volume amounted to approximately 1,170 tonnes, an increase of 52% over the previous first half (772 tonnes). The rebound in sales volume we saw in January was sustained in February and March, reinforcing the positive underlying trends in the Victrex Polymer Solutions ('VPS') business.
First half revenue for Invibio®, our biomaterial solutions business, was approximately £22.1m, an increase of 26% over the previous first half (£17.6m) and up 33% on the second half (£16.6m). Underlying revenue (at constant exchange rates) was up 6% on last year's record first half and 26% ahead of the second half. We expect Invibio revenues for the second half of the current year to be broadly in line with the first half.
Victrex will announce its results for the six months ended 31 March 2010 on Tuesday 25 May 2010.
Enquiries
Victrex plc
Mike Peacock, Finance Director 0207 357 9477 (8 April 2010)
01253 897700 (thereafter)
Hogarth
Nick Denton / Barnaby Fry / Ian Payne 0207 357 9477
Victrex plc is an innovative world leader in high performance materials through the manufacture of VICTREX® PEEK™ polymer, a high performance, easy to process thermoplastic.
With over 30 years of experience, Victrex is a global manufacturer of innovative, high performance thermoplastic polymers. We work with customers and end users to deliver technology driven solutions to the challenges and opportunities they face. Our Victrex Polymer Solutions division ('VPS') focuses on our transport, industrial and electronics markets and our Invibio Biomaterial Solutions division ('Invibio') focuses on providing specialist solutions for medical device manufacturers.