Vesuvius Plc (LON:VSVS), a global leader in molten metal flow engineering and technology, has provided a trading update in relation to 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
