Victrex Full Year 2023 Earnings: Misses Expectations

Victrex (LON:VCT) Full Year 2023 Results

Key Financial Results

• Revenue: UK£307.0m (down 10.0% from FY 2022).
• Net income: UK£61.7m (down 19% from FY 2022).
• Profit margin: 20% (down from 22% in FY 2022). The decrease in margin was driven by lower revenue.
• EPS: UK£0.71 (down from UK£0.88 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Victrex Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 5.9%.

Looking ahead, revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.4% decline forecast for the Chemicals industry in the United Kingdom.

Performance of the British Chemicals industry.

The company's shares are down 3.2% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Victrex that you should be aware of.

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