Victrex targets a five-year recovery in margins and cash generation
Victrex ($VCT-LSE) set out a five-year plan targeting mid-single-digit organic revenue growth, a gross margin of around 50% and an operating margin in the mid-20s by fiscal 2031. The specialty-polymer producer aims to generate approximately £250 million in cumulative levered free cash flow between fiscal 2027 and 2031, with at least 75% intended for shareholder returns. The company plans capital expenditure equivalent to 5–8% of revenue and would consider selective acquisitions after its recover
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