Victrex plc Announces Interim Management Statement for the First Quarter of 2019; Provides Earnings Guidance for the First Half and Second Half of 2019
Pleasingly, January and February saw some initial improvement, although given first quarter performance, the first half is expected to be much weaker overall, compared to the prior year.
Expectations for the second half are unchanged, with new projects and reduced headwinds supporting assumptions. With strong structural growth opportunities, a healthy new product pipeline and a highly cash generative business model, the company continue to be well-placed for the medium and long term.