VTXPF - Victrex plc (VTXPF) Q2 2024 Earnings Call Transcript
2024-05-13 12:59:08 ET
Victrex plc (VTXPF)
Q2 2024 Results Conference Call
May 13, 2024 04:00 AM ET
Company Participants
Jakob Sigurdsson - Chief Executive Officer
Ian Melling - Chief Financial Officer
Conference Call Participants
Sam Perry - UBS
Chetan Udeshi - JPMorgan
Kevin Fogarty - Deutsche Bank
Jens Lindqvist - Investec
Presentation
Operator
Good day, ladies and gentlemen, and welcome to the Victrex Interim Results Meeting May 2024. [Operator Instructions] I would like to remind all participants, this call is being recorded.
I will now hand over to the CEO of Victrex, Jakob Sigurdsson to open the presentation. Please go ahead.
Jakob Sigurdsson
Yes. Thank you. Good morning, and welcome to Victrex's Half Year Results Presentation 2024. Firstly, some introductions. I'm Jakob Sigurdsson, CEO of Victrex. We also have Ian Melling, our CFO here; and Andrew Hanson, our IR Director. This is an audio call only today. So all questions at the end will be via the phone.
Also, briefly some housekeeping. The slide presentation is on our website, www.victrexplc.com under the Investors tab and by clicking on Reports & Presentations. We will call out the slide numbers as we're going through the presentation today. I will kick off the presentation with our key messages and a summary of the results, and Ian will then cover the financial details. I will summarize towards the end the business performance and our outlook, and we'll finish with Q&A towards the end.
So if we move to Slide 3 in the presentation pack. Firstly, if we take a step back, it's worth reflecting that despite some of the toughest times seen in the chemical industry for many years, we have stayed the course as it relates to the execution of our strategy and corresponding investments in both assets and capabilities to underpin and support our future growth. Despite the short-term challenges we and companies in the sectors have faced, we adopted elements of our strategy, but the fundamentals remain strong, and we're well positioned for future growth. As a consequence and noting that we are seeing tangible signs of improvement in several end markets, we are very well placed for the uptick, and we remain confident in the midterm growth targets that we set out last year.
Taking each in turn. Firstly, we are seeing, as I said, some recent signs of end market improvements, which makes us focused on growth in volume and revenue and PBT in the second half. So a core business which is robust and ready to see some upside from market recoveries and some pent-up demand in certain sectors post COVID....
Victrex plc (VTXPF) Q2 2024 Earnings Call Transcript