Victrex Full Year 2024 Earnings: EPS Misses Expectations

Victrex (LON:VCT) Full Year 2024 Results

Key Financial Results

• Revenue: UK£291.0m (down 5.2% from FY 2023).
• Net income: UK£17.2m (down 72% from FY 2023).
• Profit margin: 5.9% (down from 20% in FY 2023). The decrease in margin was primarily driven by higher expenses.
• EPS: UK£0.20 (down from UK£0.71 in FY 2023).

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

Victrex EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 42%.

Looking ahead, revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 3.5% decline forecast for the Chemicals industry in the United Kingdom.

Performance of the British Chemicals industry.

The company's shares are up 28% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Victrex (1 makes us a bit uncomfortable!) that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.