Vesuvius PLC

Latest Results (15.10.2025):

Vesuvius PLC has released its trading update for the first half of 2025, anticipating a trading profit of approximately £77 million. The company continues to navigate challenging market conditions with ongoing macroeconomic uncertainties and subdued global industrial activity. Vesuvius remains committed to its cost reduction strategies and projects gradual improvement in pricing performance in the second half of the year.

Trading Profit

The trading profit for H1 2025 is expected to reach around £77 million, aligning with previous forecasts. This performance reflects both short-term cost reduction measures and significant advancements in the company's structural cost reduction program.

Cost Reduction Initiatives

Vesuvius plans to surpass its initial target of £45 million in recurring cash cost savings by 2028. The ongoing cost reduction efforts have been instrumental in maintaining profitability despite challenging market conditions.

Challenging Market Conditions

The company continues to face an uncertain macroeconomic environment and limited global industrial activity, which have resulted in persistent weakness in Vesuvius's end markets. These conditions are expected to extend through the remainder of the year.

Pricing Environment

Vesuvius is experiencing a difficult pricing environment, particularly in Europe and China, which has hindered the full recovery of labor cost inflation. However, the company anticipates that pricing performance will gradually improve in the second half of the year, allowing for partial cost recovery with a delayed effect.

Outlook for Second Half of 2025

The performance in the second half of 2025 is projected to be similar to the first half, with further progress in cost reduction and pricing performance expected to continue into 2026. Vesuvius remains focused on sustaining profitability and advancing its strategic initiatives.