Trading Update

RNS Number : 4485E

Victrex PLC

07 April 2011

 



For Stock Exchange release at 7.00 a.m. Thursday 7 April 2011

Victrex plc

Half Year Trading Update

The Company announces its trading update for the six months ended 31 March 2011.

We are pleased to announce a record half year Group sales volume of approximately 1,434 tonnes, an increase of 22% over the first half of the previous financial year (1,171 tonnes). The record 752 tonnes sold in the second quarter of this year was 10% above the 682 tonnes sold in the first quarter, reinforcing the positive underlying trends in the Victrex Polymer Solutions business.

Despite continuing uncertain market conditions in the US, Invibio^®, our biomaterial solutions business, delivered record half year revenue ofapproximately £24.3m, an increase of 10% over the first half of the previous financial year (£22.1m). The potential opportunities for Invibio in new market areas and geographies remain strong.

Victrex will announce its results for the six months ended 31 March 2011 on Tuesday 24 May 2011.

Enquiries

Victrex plc

Peter Bream, Finance Director                            0203 128 8100 (7 April 2011)

                                                                              01253 897 700 (thereafter)

MHP Communications

Nick Denton / Barnaby Fry / Ian Payne                 0203 128 8100

Victrex plc is an innovative world leader in high performance materials through the manufacture of VICTREX^® PEEK™ polymer, a high performance, easy to process thermoplastic.

With over 30 years of experience, Victrex is a global manufacturer of innovative, high performance thermoplastic polymers. We work with customers and end users to deliver technology driven solutions to the challenges and opportunities they face. Our Victrex Polymer Solutions division ('VPS') focuses on our transport, industrial and electronics markets and our Invibio Biomaterial Solutions division ('Invibio') focuses on providing specialist solutions for medical device manufacturers.

 

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