Victrex plc (GB:VCT) has released an update.
Victrex plc, a leader in high-performance polymers, reports a dip in half-year results, with revenues and profits declining amid challenging market conditions. Despite a tough H1, signs of recovery emerged in Q2, particularly in Aerospace & Automotive sectors, although Medical revenue was down due to industry destocking. The company remains focused on cashflow improvement and mid-term growth, powered by demand recovery and strategic mega-programmes in areas like Aerospace Composites and Medical Trauma plates.
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