Victrex Q1 revenue, sales slightly ahead

Victrex said first quarter revenues and sales were slightly ahead of expectations as the polymer maker maintained full year guidance.

Group revenue of £68.7m was 1% ahead of the prior year, with sales volume also up 1% at 883 tonnes. Since October 1, current fiscal-year performance on a year-to-date basis was slightly lower than 2020, “reflecting January being robust but lower than the prior year”, Victrex said.

“Although Q1 was slightly ahead of our expectations, performance remains variable by end market. Asia is seeing the most incremental improvement on a geographic basis, with a mixed performance in Europe and the US,” it added.