Trading Statement
H1 trading profit expected c.£74m; Steel division operational issues worse than anticipated; full-year guidance lowered.
vs expectations: below
- H1 2026 trading profit c. £74m
- FY25 trading profit (reported) £151.1m
- FY25 trading profit (re-translated) £147.0m
- FY25 revenue (reported) £1,809.5m
Select text to share a quote on X · sign in to keep highlights & notes in your VSVS notes
Vesuvius plc, a global leader in molten metal flow engineering and technology, releases the following trading update in relation to the H1 performance and outlook for 2026.
TRADING AND OUTLOOK
Trading profit for H1 2026 is expected to be c. £74m. Since our trading update on 28 May 2026, we have continued to be impacted by operational issues in our Steel division. Additionally, Advanced Refractories is experiencing a challenging trading environment, particularly in Europe. The operational issues, whilst temporary, are causing a greater impact than previously anticipated. They are being addressed and are expected to be resolved by the end of the year. Accordingly, we now expect full-year trading profit to be slightly ahead of trading profit for FY25 on a constant currency basis.
Vesuvius will announce its 2026 half year results at 7.00am on Thursday 30 July 2026, as planned.
Technical note - FX re-translation
| FY25 | Reported FX rates | Re-translated* |
|---|---|---|
| Revenue | £1,809.5m | £1,800.9m |
| Trading profit | £151.1m | £147.0m |
| Return on sales | 8.4% | 8.2% |
* Hybrid rate using H1 2026 average FX rates for 6 months and 30 June 2026 spot for 6 months
Vesuvius plc, 165 Fleet Street, London EC4A 2AE
Registered in England and Wales No. 8217766
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.