Victrex shares jump as strong third-quarter growth supports full-year outlook (VCT)

Victrex (LSE:VCT) shares climbed more than 15% on Tuesday after the high-performance polymer manufacturer reported stronger-than-expected third-quarter revenue growth and reiterated its full-year profit guidance.

The UK-based group posted third-quarter revenue of £84.5 million, an 18% increase from a year earlier, as sales volumes rose 17%. Growth was led by continued strength in the aerospace and electronics sectors, while demand in the medical business showed signs of recovering following a weaker period.

The shares rose 15.4% to 671.40 pence, their highest level since early March, as investors welcomed the trading update.

Commenting on the results, analysts at Jefferies said:

“3Q was clearly strong, with some help from a weaker comp for Aerospace—we note we have in 6% revenue growth for 2H26.”

Victrex also reaffirmed its guidance for underlying pre-tax profit of between £42 million and £44 million for the full financial year, with the Board saying the outlook reflects confidence in the company’s medium-term earnings prospects.

The business continues to implement its profit improvement programme, which includes reducing headcount by around 10% and delivering annualised cost savings of at least £10 million by the 2027 financial year. Management expects the first benefits from these initiatives to begin emerging during the fourth quarter.

Looking ahead, Victrex said it anticipates initial savings from the Profit Improvement Plan in the final quarter of the financial year but remains “mindful of normal seasonality and wider macroeconomic conditions including the potential implications for global demand and energy costs.”

More about Victrex plc

Victrex plc is a UK-based manufacturer of high-performance polymer solutions, specialising in PEEK-based materials used across aerospace, automotive, electronics, energy, industrial and medical markets. Its advanced polymers are designed for demanding applications where strength, durability and lightweight performance are essential, supporting customers across a wide range of global industries.