REG-Vesuvius Plc: Trading Statement

VesuviusAnnouncement

24/07/2025 07:02

 24 July 2025

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

 

TRADING UPDATE

 

Vesuvius plc, a global leader in molten metal flow engineering and technology,
releases the following trading update in relation to H1 2025 and the trading
outlook for the remainder of the year.

 

TRADING AND OUTLOOK

 

We have seen a continuation of the challenging market conditions we noted in
our AGM Trading Update in May, with the wider uncertain macroeconomic
environment and subdued global industrial activity persisting, leading to a
continuing weakness in our end markets.

 

Against this backdrop, our Trading profit for H1 2025 is anticipated to be
approximately £77 million, consistent with our expectations and reflecting
both short-term cost reduction actions and the strong progress of our
structural cost reduction programme.

 

We are now planning to exceed the objective of £45m of recurring cash cost
savings we had set for 2028.

 

Contrary to our previous expectations, we now anticipate that these
challenging market conditions will persist for the balance of the year.
Consequently, the pricing environment remains difficult, in particular in
Europe and China, limiting for the time being our ability to fully recover
labour cost inflation. We however anticipate progressively improving our
pricing performance over the second half of the year to partially recover
those costs, albeit with a delayed effect.

 

As a result, we now expect our performance in the second half of the year to
be similar to the first half with further progress postponed until 2026.

 

HALF YEAR RESULTS

 

Vesuvius will announce its 2025 half year results at 7.00am on Wednesday 6
August 2025.

 

 

- ENDS-

 

CONFERENCE CALL

Patrick André (Chief Executive) and Mark Collis (Chief Financial Officer)
will be hosting a conference call with Q&A for analysts and investors at 08:00
(UK time) today.

 

To participate, please register at least 30 minutes prior to the start of the
call by following the link here
(https://registrations.events/direct/LON7645258).

A replay of the call will be available for one week, which can be accessed via
the same link above.

 

 

 For further information, please contact:                                                                                              
 Vesuvius plc           Patrick André, Chief Executive                                                         +44 (0) 207 822 0000    
                        Mark Collis, Chief Financial Officer Rachel Stevens, Group Head of Investor Relations  +44 (0) 207 822 0000    
                                                                                                                +44 (0) 7387 545 271   
 MHP                    Rachel Farrington/Ollie Hoare                                                          +44 (0) 7801 894 577    

 

The person responsible for arranging the release of this announcement on
behalf of Vesuvius is Mark Collis, Chief Financial Officer.  

 

About Vesuvius plc

Vesuvius is a global leader in molten metal flow engineering and technology
principally serving process industries operating in challenging
high-temperature conditions.

 

We develop innovative and customised solutions, often used in extremely
demanding industrial environments, which enable our customers to make their
manufacturing processes safer, more efficient and more sustainable. These
include flow control solutions, advanced refractories and other consumable
products and increasingly, related technical services including data capture.

 

We have a worldwide presence. We serve our customers through a network of
cost-efficient manufacturing plants located close to their own facilities, and
embed our industry experts within their operations, who are all supported by
our global technology centres.

 

Our core competitive strengths are our market and technology leadership,
strong customer relationships, well established presence in developing markets
and our global reach, all of which facilitate the expansion of our addressable
markets.

 

Our ultimate goal is to create value for our customers, and to deliver
sustainable, profitable growth for our shareholders giving a superior return
on their investment whilst providing each of our employees with a safe
workplace where they are recognised, developed and properly rewarded.

 

We think beyond today to create solutions that will shape the future. 

 

Forward looking statements

 

This announcement contains certain forward looking statements which may
include reference to one or more of the following: the Group’s financial
condition, results of operations, cash flows, dividends, financing plans,
business strategies, operating efficiencies or synergies, budgets, capital and
other expenditures, competitive positions, growth opportunities for existing
products, plans and objectives of management and other matters.
Forward-looking statements can be identified by the use of terms such as
'intend', 'aim', 'project', 'anticipate', 'estimate', 'plan', 'believe',
'expect', 'forecasts', 'may', ‘targets’, 'could', 'should', 'will',
'continue' or similar words.

 

Such forward looking statements, including, without limitation, those relating
to the future business prospects, revenue, working capital, liquidity, capital
needs, interest costs and income, in each case relating to Vesuvius, wherever
they occur in this announcement, are necessarily based on assumptions
reflecting the views of Vesuvius. Although Vesuvius makes such statements
based on assumptions that it believes to be reasonable, by their nature, these
forward looking statements are subject to a number of known and unknown risks,
uncertainties and other factors beyond Vesuvius’ control that could cause
actual results, performance or achievements to differ materially from those
expressed or implied by the forward looking statements. Such forward looking
statements should, therefore, be considered in light of various important
factors that could cause actual results to differ materially from estimates or
projections contained in the forward looking statements. These include without
limitation: economic and business cycles; the terms and conditions of
Vesuvius’ financing arrangements; foreign currency rate fluctuations;
competition in Vesuvius’ principal markets; acquisitions or disposals of
businesses or assets; and trends in Vesuvius’ principal industries.

 

The foregoing list of important factors is not exhaustive. When considering
forward looking statements, careful consideration should be given to the
foregoing factors and other uncertainties and events, as well as factors
described in documents the Company files with the UK regulator from time to
time including its annual reports and accounts. In light of these risks,
uncertainties and assumptions, the forward looking events discussed in this
announcement might not occur and such forward looking statements are not
guarantees or predictions of Vesuvius’ future performance. You should not
place undue reliance on such forward looking statements which speak only as of
the date on which they are made. Past performance is no guide to future
performance and persons needing advice should consult an independent financial
adviser.

 

Neither Vesuvius nor any of its affiliates, associates, employees, directors,
officers or advisers assumes any responsibility for the accuracy or
completeness or undertakes any obligation, to update or revise any of these
forward-looking statements to reflect any new information or any changes in
events, conditions or circumstances on which any such forward-looking
statement is based save in respect of any requirement under applicable law or
regulation.

 

Vesuvius plc, 165 Fleet Street, London EC4A 2AE

Registered in England and Wales No. 8217766

LEI: 213800ORZ521W585SY02

www.vesuvius.com

 



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