Victrex shares soar as aerospace and electronics drive strong quarter

Victrex PLC on Tuesday maintained its full-year guidance after reporting double-digit growth in revenue and volumes in the third quarter of its financial year.

The Lancashire, England-based polymer solutions provider for automotive, aerospace, energy & industrial, electronics, and medical markets said revenue rose 18% year-on-year to £84.5 million in the three months to June with sales volumes up 17% to 1,238 tonnes.

In response, shares in Victrex shot up 18% to 687.75 pence each in London on Tuesday morning.

For the nine months ended June 30, revenue increased 6.6% to £231.6 million and volumes rose 9.8% to 3,375 tonnes.

Momentum from the second quarter continued, the firm said, driven by growth in its Sustainable Solutions business, particularly aerospace and electronics, alongside some stabilisation in medical markets. Average selling price of £68 per kilogramme was in line with the prior year.

Victrex reiterated its forecast for underlying pretax profit of £42 million to £44 million for financial 2026 and said it remains on track to deliver annualised cost savings of at least £10 million by financial 2027 under its profit improvement plan, with initial benefits expected in the fourth quarter.

In the financial year ended September 30, 2025, Victrex reported underlying pretax profit of £46.4 million, sales of £292.7 million and volumes of 4,164 tonnes.

"Our growth opportunities remain strong across a broad range of end markets and geographies," said Chief Executive James Routh.

Victrex will hold its 2026 capital markets event on September 24 focused on progress in its profit improvement plan, its addressable market, revised operating model and refreshed leadership team and the roadmap to "significant improvement in profitability over the medium term".

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