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Victrex struggles with volatility in end markets

The company is still contending with ongoing operational snags after issuing a profit warning in June
December 5, 2023
  • Destocking hits earnings
  • Overheads steady in FY2024

Margins at polymer manufacturer Victrex (VCT) have been hit hard by soaring raw material and energy costs in the past few years. The group’s results for the 12 months to the end of September show there’s been some recovery on this front, although persistent weakness across several end markets continues to weigh on the stock. 

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