UK's Victrex tumbles as H1 profit drops; tariff concerns

Victrex

12/05/2025 08:45

May 12 (Reuters) - ** UK-based high-performance polymer manufacturer Victrex VCTX.L loses as much as 8.6% to 827 pence

** Stock heads to its sharpest one-day decline since May 9, 2023, if trends hold

** Gross profit came in at 64.3 million pounds, down 4% Y-o-Y, in the six months ended Mar 31

** Co's CEO stated, "We are mindful of the potential (tariff) impact on global sales demand."

   ** Company is slightly raising its FY volume growth guidance to high single digits

** Seven of 13 brokerages rate the stock "buy" or higher, four "hold", while two suggest  "sell"; their median PT is 1,125 pence - data compiled by LSEG

** Stock down 23.1% so far this year

($1 = 0.7583 pounds)

 (Reporting by Amna Mariyam in Bengaluru)

 ((Amna.mariyam@thomsonreuters.com))