Vesuvius ( (GB:VSVS) ) just unveiled an update.
Vesuvius plc announced its audited results for 2024, highlighting a robust performance despite challenging market conditions, with stable revenue, trading profit, and return on sales on an underlying basis. The company achieved market share gains in Flow Control and Foundry, offsetting weak end markets, and implemented cost reductions and resilient pricing strategies. Vesuvius completed a strategic expansion in Asia and Flow Control and acquired PiroMET to enhance its position in the EEMEA market. The company also launched a share buyback program and proposed a dividend increase, while achieving significant CO2e intensity reduction.
More about Vesuvius
Vesuvius plc is a global leader in molten metal flow engineering and technology, primarily serving process industries that operate under challenging high-temperature conditions. The company develops innovative and customized solutions, including flow control solutions, advanced refractories, and related technical services, to enhance safety, efficiency, and sustainability in manufacturing processes. Vesuvius has a worldwide presence with a network of manufacturing plants and industry experts embedded within customer operations, supported by global technology centers.
YTD Price Performance: -3.07%
Average Trading Volume: 563,213
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £991.2M
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