Brief: Victrex PLC Profit Improvement Plan Progressing Well, With Early Cost Savings In H2 2026
11/05/2026 07:14
Victrex PLC VCTX.L: VICTREX H1 ADJUSTED PRETAX PROFIT GBP 19 MILLION VICTREX H1 EPS GBP -0.37 VICTREX H1 REVENUE GBP 147.1 MILLION VICTREX H1 ADJUSTED EPS GBP 0.172 VICTREX H1 PRETAX PROFIT GBP -44 MILLION VICTREX H1 GROSS PROFIT GBP 61.3 MILLION VICTREX PLC: PROFIT IMPROVEMENT PLAN PROGRESSING WELL, WITH EARLY COST SAVINGS IN H2 2026 VICTREX PLC: AFTER A SLOW START IN Q1, WE REGAINED MOMENTUM IN OUR Q2 LED BY OUR SUSTAINABLE SOLUTIONS DIVISION VICTREX PLC: PROFIT IMPROVEMENT PLAN IS ON TRACK FOR SOME EARLY BENEFITS AT FY 2026 END, WITH FULL YEAR SAVINGS OF AT LEAST £10M IN FY 2027 VICTREX PLC - EXPECTS FY 2026 UNDERLYING PBT IN RANGE £42M-£44M VICTREX: MADE A SOLID START TO H2; MINDFUL OF POTENTIAL IMPLICATIONS FOR GLOBAL DEMAND, ENERGY COSTS GIVEN EVENTS IN MEAST VICTREX PLC: NO MATERIAL IMPACT FROM MIDDLE EAST CONFLICT IN H1 2026 VICTREX: WE ARE ALREADY REFLECTING EXPECTED IMPACT OF MIDDLE EAST CONFLICT IN PRICING DISCUSSIONS WITH CUSTOMERS VICTREX PLC - REDUCING HEADCOUNT BY ABOUT 10%, MAINLY IN CENTRAL FUNCTIONS VICTREX PLC - RECORDS £60.6M NON-CASH IMPAIRMENT OF CHINA MANUFACTURING FACILITY IN H1 2026 Source text: ID:nRSK7056Da Further company coverage: VCTX.L