Victrex Clocks Strong Start to Fiscal 2018 With Boost in Consumer Electronics; Medical Still Soft
Narrow-moat Victrex jumped out of the gate quickly with first-quarter sales volume of 1,051 tonnes, up 30% over the prior-year period. Similarly, first-quarter revenue of GBP 78.7 million was 41% ahead of last year. However, these numbers flatter underlying strength, as the bulk of the gain was generated by the lumpy consumer electronics business. The release only discloses these very limited details on revenue and volume, with full financials published at the half-year. We don’t expect to make ...
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