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Vesuvius PLC (VSVS.L)

VSVS.L on London Stock Exchange

419.40GBp
1:16pm IST
Change (% chg)

-0.60 (-0.14%)
Prev Close
420.00
Open
412.80
Day's High
423.40
Day's Low
412.80
Volume
7,494
Avg. Vol
201,449
52-wk High
514.50
52-wk Low
284.00

Latest Key Developments (Source: Significant Developments)

Vesuvius Says Liquidity £41 Mln Higher Than At Feb End
Thursday, 17 Sep 2020 

Sept 17 (Reuters) - Vesuvius PLC ::VESUVIUS PLC - LIQUIDITY IS £41M HIGHER THAN AT END OF FEBRUARY 2020, PRIOR TO COVID-19 CRISIS IMPACTING OUR FINANCIAL RESULTS.  Full Article

Vesuvius Says H1 Revenue Rose 18.4% To 720 Mln Stg
Thursday, 30 Jul 2020 

July 30 (Reuters) - Vesuvius PLC ::H1 REVENUE ROSE 18.4 PERCENT TO 720 MILLION STG.RESTRUCTURING PROGRAMMES REMAIN ON-TRACK DESPITE CRISIS AND WE DELIVERED £12.3M OF RECURRING COST SAVINGS IN H1 2020.FURTHER CRISIS RELATED ACTIONS TO PRESERVE CASH INCLUDE £20M CUT TO 2020 CAPEX AND WITHDRAWAL OF FINAL 2019 DIVIDEND.COVID-19 CRISIS-RELATED SAVINGS OF £18.6M DELIVERED IN Q2, INCLUDING A REDUCTION IN PLANNED EMPLOYEE INCENTIVES OF £5.9M.  Full Article

Vesuvius Says Q1 Performance Was Marginally Ahead Of Previous Quarter
Wednesday, 13 May 2020 

May 13 (Reuters) - Vesuvius PLC ::AGM TRADING UPDATE.AS OF 1 MAY WE HAVE REOPENED OPERATIONS IN SOUTH AFRICA, MALAYSIA, ARGENTINA AND INDIA.ALL OF OUR PLANTS ARE NOW OPERATIONAL ALBEIT AT REDUCED LEVELS.Q1 PERFORMANCE WAS MARGINALLY AHEAD OF PREVIOUS QUARTER.IN RESPONSE TO PANDEMIC, WE HAVE IMPLEMENTED SEVERAL COST REDUCTION PLANS TO DELIVER SAVINGS OF AROUND £10M PER QUARTER DURING CRISIS.ALSO REDUCED OUR PLANNED CAPITAL EXPENDITURES BY 30% IN 2020 (£20M).  Full Article

Vesuvius Plc Says Co Is Withdrawing Financial Guidance For Year
Monday, 6 Apr 2020 

April 6 (Reuters) - Vesuvius PLC ::VESUVIUS PLC - STATEMENT ON COVID-19.VESUVIUS PLC - OUR PERFORMANCE IN Q1 2020 WAS BROADLY IN-LINE WITH OUR EXPECTATIONS AT TIME OF OUR FULL YEAR 2019 RESULTS ON 27 FEBRUARY.VESUVIUS PLC - TIGHT RESTRICTIONS ON MOVEMENT OF GOODS AND PEOPLE ARE EXPECTED TO PUT PRESSURE ON DEMAND IN OUR END-MARKETS.VESUVIUS PLC - MEASURES IMPOSED BY GOVERNMENTS TO CONTAIN OUTBREAK ARE EXPECTED TO RESULT IN SIGNIFICANT DISRUPTION TO OUR BUSINESS IN COMING MONTHS.VESUVIUS PLC - MANUFACTURING PLANTS ACROSS GROUP CURRENTLY REMAIN OPEN.VESUVIUS PLC - IMPLEMENTING SEVERAL COST REDUCTION PLANS TO DELIVER SAVINGS OF AROUND £30M OVER REMAINDER OF YEAR.VESUVIUS PLC - BOARD AND GROUP EXECUTIVE COMMITTEE HAVE ELECTED TO REDUCE THEIR FEES AND SALARY BY 20% FOR NEXT 6 MONTHS.VESUVIUS PLC - DECIDED TO WITHDRAW ITS RECOMMENDATION TO PAY FINAL DIVIDEND OF 14.3 PENCE PER SHARE.VESUVIUS PLC - THESE SAVINGS ARE ADDITION TO £19.4M OF RECURRING SAVINGS FROM ONGOING RESTRUCTURING PROGRAMMES TARGETING FOR DELIVERY IN 2020.VESUVIUS PLC - WITHDRAWING OUR FINANCIAL GUIDANCE FOR YEAR..  Full Article

Vesuvius FY Headline Profit Before Tax 171.4 Million Stg Versus 188.9 Million Stg
Thursday, 27 Feb 2020 

Feb 27 (Reuters) - Vesuvius PLC ::FY REVENUE FELL 4.9 PERCENT TO 1.71 BILLION STG.FY HEADLINE PROFIT BEFORE TAX 171.4 MILLION STG VERSUS 188.9 MILLION STG.FY PROFIT BEFORE TAX 118.6 MILLION STG VERSUS 156.2 MILLION STG.FULL YEAR DIVIDEND INCREASED BY 3.5% TO 20.5 PENCE PER SHARE.FY NET DEBT REDUCED TO £216.3M (2018: £247.8M).EXPECT ABNORMALLY LOW LEVEL OF ACTIVITY TO CONTINUE AT LEAST IN Q1 2020 AND TO WEIGH ON PERFORMANCE IN H1 2020.POTENTIAL IMPACT OF COVID-19 HEALTH CRISIS IS DIFFICULT TO ASSESS AT THIS TIME BUT LIKELY TO HAVE TEMPORARY NEGATIVE IMPACT ON END-MARKETS.RESTRUCTURING PROGRAMMES EXPECTED TO DELIVER INCREMENTAL RECURRING ANNUAL SAVINGS OF £19.4M IN 2020, £6.2M IN 2021, £1.9M IN 2022.THERE ARE SOME SIGNALS INDICATING THAT DESTOCKING PHASE EXPERIENCED IN H2 2019 IS MATURING & MAY SHORTLY BE COMING TO AN END.  Full Article

Vesuvius Sees FY EBITA Between 180-190 Mln Stg
Tuesday, 15 Oct 2019 

Oct 15 (Reuters) - Vesuvius PLC ::Q3 2019 TRADING UPDATE.GROUP TRADING PROFIT (EBITA) IN 2019 IS EXPECTED TO BE BETWEEN £180-190M.CHALLENGING MARKET ENVIRONMENT HIGHLIGHTED AT OUR HALF YEAR RESULTS HAS CONTINUED INTO H2 2019.  Full Article

Vesuvius H1 Revenue Rose 1.1% To 889.4 Mln Stg
Thursday, 25 Jul 2019 

July 25 (Reuters) - Vesuvius PLC ::H1 REVENUE ROSE 1.1 PERCENT TO 889.4 MILLION STG.H1 PROFIT BEFORE TAX OF 78.6 MILLION STG VERSUS 87.8 MILLION STG YEAR AGO.INTERIM DIVIDEND INCREASED BY 3.3% TO 6.2 PENCE PER SHARE.BOARD EXPECTS TRADING PROFIT (EBITA) FOR 2019 TO BE BROADLY IN-LINE WITH MARKET EXPECTATIONS.ANNOUNCES A £16.0M INCREASE IN OUR TARGETED RESTRUCTURING SAVINGS."REMAINS CONFIDENT IN ABILITY TO GROW BOTH TRADING PROFIT (EBITA) AND RETURN-ON-SALES IN COMING YEARS".  Full Article

Vesuvius Sees FY EBITA To Be In-Line With Current Consensus Market Expectations
Tuesday, 6 Nov 2018 

Nov 6 (Reuters) - Vesuvius PLC ::EXPECT FY TRADING PROFIT (EBITA) TO BE IN-LINE WITH CURRENT CONSENSUS MARKET EXPECTATIONS.GROUP CONTINUES TO BENEFIT FROM GROWTH IN STEEL PRODUCTION, WHICH IN Q3 2018 VERSUS Q3 2017 HAS INCREASED 2.6% IN WORLD EXCLUDING CHINA.DELIVERY OF OUR PREVIOUSLY COMMUNICATED RESTRUCTURING PROGRAMMES HAS CONTINUED AS PLANNED DURING Q3 2018.WITHOUT INCREASED FOREIGN EXCHANGE HEADWIND CO'S EXPECTATIONS FOR FULL YEAR TRADING PROFIT WOULD HAVE BEEN ABOUT 5% HIGHER.  Full Article

BRIEF-Vesuvius Says Q1 Performance Was Marginally Ahead Of Previous Quarter

* AS OF 1 MAY WE HAVE REOPENED OPERATIONS IN SOUTH AFRICA, MALAYSIA, ARGENTINA AND INDIA