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victrex
Victrex, a company specialized in making of polymers, reported a 14% increase in its revenues until 30th September, with earnings per share up 31% to 85.3p and dividend 30% to 32.5p. According to the official statements, the strong results were due to a rise in demand for luxury cars in Asia and a return in confidence in the industrial machines sector for most of the year.

At the end of September the 2011 year to date figures looked good: +14% in revenue to £215.8m in 2011 (2010: £189.5m), +13% sales volume increase to 2,860 tonnes (2010: 2,535 tonnes), +21% increase in gross profit to £146.4m (2010: £120.6m), representing a gross margin of 67.8% of turnover (2010: 63.6%), +26% in profit before tax to £94.2m (2010: £74.9m).

victrex

Anita Frew, Victrex CEO, stated:

‘I am delighted to report another year of strong organic growth at Victrex with record Group revenue and profits and a 30% increase in the annual dividend. Demand across most of our end user markets continues to be stable. We have seen some softening in parts of our VPS business, particularly in Europe, as customers are cautiously managing inventories ahead of the calendar year end. In our Invibio business we continue to see good growth. ‘.

victrex

As record sales were registered both by the VPS division, by double-digit gains in industrial, transport and electronics markets, and also by the medical devices unit Invibio, Victrex recognized that the uncertain situation within EU zone could hit demand especially in 2012, as 45 per cent of sales come from Europe, the Middle East and Africa.

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