Vesuvius (VSVS): Structural cost reduction programme
This situation live
VSVS Vesuvius
11 Nov 2025 · On track · +15% until the next step
Our structural cost reduction programme remains on track, with £18m to be delivered in 2025 and at least £55m of recurring savings expected to be achieved by 2028
12 Mar 2026 · £17.8m delivered in 2025, ahead of expectations · +4% until the next step
Accelerated delivery of cost reduction programme generated £17.8m savings in-year
28 May 2026 · on track; £55m cumulative by 2028 · −20% until the next step
We remain on track to deliver cost savings with at least £10m to be delivered in 2026 and cumulatively at least £55m by 2028
30 Jul 2026 · On track; £7.4m delivered in H1 · +22% since
The programme to deliver £55m annual cost savings in-year by 2028, continues to deliver as planned.
Structural cost reduction programme
On track; £7.4m delivered in H1
DEC31
Next: deliver at least c.£10m of savings in 2026 in 68 days
Every step · 4
- 11 Nov 2025 On track – Our structural cost reduction programme remains on track, with £18m to be delivered in 2025 and at least £55m of recurring savings expected to be achieved by 2028 ↗
- 12 Mar 2026 £17.8m delivered in 2025, ahead of expectations – Accelerated delivery of cost reduction programme generated £17.8m savings in-year ↗
- 28 May 2026 on track; £55m cumulative by 2028 – We remain on track to deliver cost savings with at least £10m to be delivered in 2026 and cumulatively at least £55m by 2028 ↗
- 30 Jul 2026 On track; £7.4m delivered in H1 – The programme to deliver £55m annual cost savings in-year by 2028, continues to deliver as planned. ↗
What is happening
Vesuvius: Structural cost reduction programme – On track; £7.4m delivered in H1. ['On track; £7.4m delivered in H1']
- In short
- The programme targets £55m cumulative annual savings by 2028. H1 2026 delivered £7.4m, ahead of schedule, and at least c.£10m is expected for 2026. Advanced Refractories manufacturing in South Africa and South America will be exited in H2 for lack of profitability. H1 programme costs were £16.4m, including £10.4m non-cash impairments.
- Announced
- 11 Nov 2025 · On track
- Latest
- 30 Jul 2026 · On track; £7.4m delivered in H1
- H1 savings
- £7.4m delivered in H1 2026, ahead of schedule
- 2026 target
- Minimum c.£10m in 2026
- 2028 target
- £55m annual cost savings in-year by 2028
- H1 costs
- £16.4m: £4.3m redundancy, £10.4m non-cash impairments (H1 2025: £4.3m)
- Exits
- Advanced Refractories operations in South Africa and South America exited in H2 2026
What comes next
deliver at least c.£10m of savings in 2026 (31 Dec 2026).
Briefing Pro
New to Vesuvius? Get up to speed in 2 minutes.
What it does, how it got here, what management promised and delivered – written from its own announcements.
Get the VSVS briefing →From the company's own announcements. Not investment advice.
Also at Vesuvius 2 open
Takeover targetPossible offer – approach
Upgrade / downgrade cycleFY26 guidance downgrade – Cut guidance confirmed at half-year results
Insider conviction1 director buying – £30k in 1 buy · closed
Insider conviction1 director buying – £50k in 1 buy · closed
Vesuvius – company page →