Strong Volume Growth
Victrex reported a 16% growth in volume for the first half of the fiscal year, driven by Value Added Resellers, Aerospace, Electronics & Energy, and Industrial sectors.
Cash Conversion and Financial Performance
Victrex achieved a strong cash conversion rate of 128% in the first half, with a significant improvement in cash flow, totaling GBP 30.7 million compared to GBP 18.1 million in the prior year.
Magma Mega-Programme Milestone
Victrex reached a major commercial milestone in the Magma mega-programme, indicating a significant growth opportunity with TechnipFMC and Petrobras.
Aerospace and Electronics Growth
Aerospace volumes increased by 7%, supported by increased plane deliveries from Boeing and Airbus. Electronics volumes grew by 17%, driven by strong demand in semiconductors and smart devices.