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Victrex PLC - Lancashire, England-based speciality chemicals firm - Says it is seeing continuing strong growth in the third quarter, ended June 30, with revenue up 16% year-on-year to £93.4 million from £80.7 million. Group volume in the third quarter was up 10% to 1,323 tonnes from 1,202 tonnes.
Year to date revenue up 9% to £253.5 million, while volumes increase 9% to 3,586 tonnes.
Jakob Sigurdsson, chief executive, says: ‘This is another strong performance by Victrex, with a healthy core business, good growth in new applications and further milestones in our mega-programmes, particularly in Medical as we look for this business to become a larger part of our long-term revenues.
‘Despite our sales mix, where VAR, Electronics and Energy & Industrial drove most of the volume growth, we are starting to see the benefit of price increases to help recover the unprecedented increase in energy and raw material costs.’
Will report its annual results on December 6.
Current stock price: 1,801.00 pence, up 1.7% on Thursday
12-month change: down 32%
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