Vesuvius Reports Resilient First-Half Performance Amid Operational Challenges
Vesuvius reported resilient performance in its first-half results for 2026, with constant-currency revenue rising by 1.5% and trading profit remaining stable at £74 million. Free cash flow improved significantly to an inflow of £27.5 million compared to a prior-year outflow. The company maintained its interim dividend at £0.071 per share and expects full-year profits to be slightly ahead of 2025 levels. Operational disruptions in the Steel Division, particularly in North America and India, impacted first-half results by approximately £8 million due to production issues and a new facility ramp-up. However, pricing gains offset much of these losses. The company has resolved key operational challenges, including supplier quality defects at its U.S. plant and maintenance deficiencies. The Foundry Division showed strong growth with an 8.7% revenue increase and a 32.7% rise in trading profit driven by the MMS acquisition and market share gains. Vesuvius also announced £7.4 million in recurring cost savings for the period.
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Topics: dividend announcement financial performance free cash flow improvement