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(Sharecast News) - Polymer solutions firm Victrex lifted its fullyear pretax profit guidance on Wednesday and announced the appointment of an interim chief financial officer as strong trading momentum continued into the final quarter.
Victrex now expects underlying pre-tax profits of £45m to £47m for FY26, ahead of its previous £42m to £44m range, after Q4 delivered further yearonyear growth across aerospace, valueadded resellers and electronics.
The FTSE 250-listed firm said all regions were performing well, with AsiaPacific showing particularly strong progress, while initial benefits from its completed 10% headcount reduction were beginning to flow through, supporting at least £10m of annualised savings from FY27.
Victrex also highlighted recent strategic activity, including the divestment of its USbased Kleiss Gears business, which will result in an exceptional disposal loss of roughly £3m in its FY26 results.
Alongside the update, Victrex said Chris Gilbert had joined as interim CFO on 1 September. Gilbert brings sector experience from Elementis and a background in largescale finance transformation at Deloitte. As an interim hire, he will not join the board.
Chief executive Dr James Routh said: "We have maintained our strong momentum during Q4, with revenue growth driven by improved performance across key end markets and all regions. As a result, we now expect full year underlying PBT for FY 2026 to be ahead of our prior guidance.
"We look forward to providing further detail on our compelling growth strategy and clear and differentiated value proposition during our Capital Markets Event later this month."
As of 0845 BST, Victrex shares were up 14.61% at 996p.
Reporting by Iain Gilbert at Sharecast.com
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