OverviewSuggest Edit

Victrex is a company that specializes in high performance polymer solutions. It provides PEEK and PAEK-based polymers, manufacturing product forms, medical device components, pipe solutions, aerospace composite solutions, and other related products. The company focuses on the aerospace, automotive, energy, electronics, industrial, and medical markets.
TypePublic
Founded1993
HQLancashire, GB
Websitevictrex.com
Employee Ratings3.3

Latest Updates

Employees (est.) (Dec 2020)874(-11%)
Job Openings3
Revenue (FY, 2020)£266 M(-9%)
Share Price (Nov 2021)£23.3
Cybersecurity ratingAMore
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
Banner background

Key People/Management at Victrex

Jakob Sigurdsson

Jakob Sigurdsson

Chief Executive Officer
Larry Pentz

Larry Pentz

Chairman
Martin Court

Martin Court

Executive Director & Chief Commercial Officer
Richard Armitage

Richard Armitage

Group Finance Director
Andrew Hanson

Andrew Hanson

Director of Investor Relations & Corporate Communications
Show more

Victrex Office Locations

Victrex has offices in Lancashire, Middlesbrough, Rotherham, Stonehouse and in 8 other locations
Lancashire, GB (HQ)
Victrex Technology Centr, Hillhouse International, Thornton Cleveleys
Middlesbrough, GB
Seal Sands
Rotherham, GB
Gin House Lane
Stonehouse, GB
Stonedale Rd
Shanghai, CN
Part B Building G, No. 1688 Zhuanxing Road, Xinzhuang Industry Park
Hofheim am Taunus, DE
Langgasse 16
Show all (12)

Victrex Financials and Metrics

Victrex Revenue

Embed Graph
View revenue for all periods
Victrex's revenue was reported to be £266 m in FY, 2020 which is a 9.5% decrease from the previous period.
GBP

Revenue (FY, 2020)

266.0m

Revenue growth (FY, 2019 - FY, 2020), %

(9.5%)

Gross profit (FY, 2020)

142.4m

Gross profit margin (FY, 2020), %

53.5%

Net income (FY, 2020)

54.2m

EBIT (FY, 2020)

64.0m

Market capitalization (10-Nov-2021)

2.0b

Closing stock price (10-Nov-2021)

23.3

Cash (30-Sept-2020)

73.1m

EV

2.0b
Victrex's current market capitalization is £2 b.
Annual
GBPFY, 2018FY, 2019FY, 2020

Revenue

326.0m294.0m266.0m

Revenue growth, %

12%(10%)(10%)

Cost of goods sold

118.0m117.7m123.6m

Gross profit

208.0m176.3m142.4m
Half Year
GBPH1, 2018H1, 2019H1, 2020

Revenue

166.6m145.7m151.5m

Cost of goods sold

60.3m58.3m64.7m

Gross profit

106.3m87.4m86.8m

Gross profit Margin, %

64%60%57%
Annual
GBPFY, 2018FY, 2019FY, 2020

Cash

71.2m72.5m73.1m

Accounts Receivable

33.6m31.0m20.9m

Prepaid Expenses

6.3m5.9m6.9m

Inventories

69.3m92.2m98.5m
Half Year
GBPH1, 2018H1, 2019H1, 2020

Cash

64.8m49.1m53.2m

Inventories

62.8m85.3m95.1m

Current Assets

203.7m180.4m209.4m

PP&E

254.7m254.1m270.6m
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

110.6m92.4m54.2m

Depreciation and Amortization

18.0m17.4m20.7m

Inventories

(7.1m)(21.0m)(7.5m)

Accounts Payable

1.9m(9.3m)600.0k
Half Year
GBPH1, 2018H1, 2019H1, 2020

Net Income

55.5m44.2m41.1m

Depreciation and Amortization

9.0m8.4m9.1m

Inventories

(2.1m)(16.3m)(3.8m)

Accounts Payable

(700.0k)(10.7m)3.5m
GBPH1, 2018

Financial Leverage

1.1 x

P/E Ratio

37.2
Show all financial metrics

Victrex Operating Metrics

FY, 2016H1, 2017FY, 2017H1, 2018FY, 2018H1, 2019FY, 2019H1, 2020FY, 2020

Sales Volume (Energy and Other Industrial), tonnes

485267555334680333673329622

Sales Volume (Transport), tonnes

8694639295231.04 k480950549858

Sales Volume (Value Added Resellers), tonnes

1.4 k8021.69 k8671.77 k7331.46 k7681.37 k

Sales Volume, tonnes

3.95 k1.86 k3.99 k2.26 k4.41 k1.9 k3.75 k1.99 k3.49 k
Show all operating metrics

Victrex Acquisitions / Subsidiaries

Company NameDateDeal Size
ZyexApril 06, 2017
Kleiss Gears, Inc.July 21, 2015
Invibio (Beijing) Trading Co., Limited
Invibio Device Component
Invibio Device Components
Invibio Inc
Invibio Knees Limited
Invibio Limited
Juvora Limited
Manufacturing Inc.
Show more

Victrex Revenue Breakdown

Embed Graph

Victrex revenue breakdown by business segment: 81.3% from Industrial and 18.7% from Medical

Victrex revenue breakdown by geographic segment: 28.1% from Asia-Pacific, 27.8% from Americas, 42.7% from EMEA and 1.4% from Other

Show all human capital metrics

Victrex Cybersecurity Score

Cybersecurity ratingPremium dataset

A

93/100

SecurityScorecard logo

Victrex Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Victrex Online and Social Media Presence

Embed Graph

Victrex News and Updates

VICTREX AE™ 250 LMPAEK UNI-DIRECTIONAL TAPE (UDT) achieving layup speeds of thermosets

The next decisive step in the production of large structural components from thermoplastic composites for use in Aerospace has been achieved. Using their enhanced Automated Fibre Placement (AFP) processing technology, Electroimpact, a highly experienced provider of factory automation and tooling sol…

Victrex cuts dividend 23% as profits fall but new year starts 'solidly'

Victrex plc (LON:VCT) reported a 29% decline in annual profits due to effect of the coronavirus pandemic but said there have been signs that sales declines had bottomed out in automotive, electronics and medical end markets.

Victrex Blogs

Magma delivers world’s first high pressure composite riser pipe to HWCG

Magma Global today announces delivery of the world’s first high-pressure composite riser pipe to HWCG’s storage location on the U.S. Gulf Coast The post Magma delivers world’s first high pressure composite riser pipe to HWCG appeared first on Magma Global.

Magma continues production to maintain sense of normality

Magma continues production to maintain sense of normality during the Covid-19 pandemic and social distancing measures. The post Magma continues production to maintain sense of normality appeared first on Magma Global.

C-Innovation selects m-pipe for Flexi-Coil intervention

Magma has been selected by C-Innovation to supply m-pipe® jumpers for flowline intervention in the Gulf of Mexico. The 4-inch diameter 10ksi m-pipes are expected to be deployed in the next few months. The post C-Innovation selects m-pipe for Flexi-Coil intervention appeared first on Magma Global.

Shell & Magma to qualify cryogenic flexible for LNG

Shell and Magma sign agreement to qualify cryogenic flexible for LNG. Single Polymer Composite project exploits Magma’s high-end manufacturing facility The post Shell & Magma to qualify cryogenic flexible for LNG appeared first on Magma Global.

A sour service deployment

A close look at Eni’s m-pipe deployment James Priddy, Senior Engineer, shares the experience and technical aspects of a deployment of subsea carbon fibre and peek jumpers for Italian operator Eni, working alongside installation contractor Bourbon. This article explains why Magma’s m-pipe was selecte…

Magma salutes pioneers of subsea flexibles on D-Day

75th anniversary of D-day and the first subsea flowline deployment. Today we pay tribute to the pioneers of the first spooled subsea pipe deployment as part of the commemorations of the 75th anniversary of D-Day, which takes place today at our home city of Portsmouth. The post Magma salutes pioneer…
Show more

Victrex Frequently Asked Questions

  • When was Victrex founded?

    Victrex was founded in 1993.

  • Who are Victrex key executives?

    Victrex's key executives are Jakob Sigurdsson, Larry Pentz and Martin Court.

  • How many employees does Victrex have?

    Victrex has 874 employees.

  • What is Victrex revenue?

    Latest Victrex annual revenue is £266 m.

  • What is Victrex revenue per employee?

    Latest Victrex revenue per employee is £304.3 k.

  • Who are Victrex competitors?

    Competitors of Victrex include Synthomer, Omnova Solutions and Croda International.

  • Where is Victrex headquarters?

    Victrex headquarters is located at Victrex Technology Centr, Hillhouse International, Thornton Cleveleys, Lancashire.

  • Where are Victrex offices?

    Victrex has offices in Lancashire, Middlesbrough, Rotherham, Stonehouse and in 8 other locations.

  • How many offices does Victrex have?

    Victrex has 12 offices.