Victrex (LSE:VCT) has raised its full-year 2026 underlying profit before tax guidance to between £45 million and £47 million, from its previous range of £42 million to £44 million, following improved trading into the fourth quarter.
The high-performance polymers group reported year-on-year revenue growth across aerospace, value-added resellers and electronics, with the company highlighting demand in the Asia-Pacific region.
Victrex said its previously announced 10% reduction in headcount has been completed and is contributing to profit performance.
The company has also appointed Chris Gilbert as interim chief financial officer. Victrex said Gilbert has experience in finance transformation.
Separately, Victrex has completed the disposal of its US-based Kleiss Gears business. The transaction will result in an exceptional loss of approximately £3 million.
The company said the disposal follows its work to develop the market for PEEK gears and forms part of a strategy to focus resources on its core polymer operations.
Victrex is scheduled to hold a capital markets event later this month.
More about Victrex
Victrex plc is a UK-listed manufacturer of high-performance polymer materials and products.
The company supplies polymers, semi-finished products and finished components for markets including automotive, aerospace, energy and industrial, electronics and medical applications.
Victrex has more than 40 years of experience in high-performance polymers and operates across multiple international markets.
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