Interim Management Statement

Vesuvius plc, a global leader in molten metal flow engineering, releases the following Interim Management Statement covering current trading, its financial position and outlook. This statement covers the period from 1 January to 16 May 2013.

SUMMARY

Market conditions have remained broadly unchanged since we announced our 2012 Results at the end of March, and the Group’s trading performance for the first 4 months of this year has been in line with the Board’s expectations.

The range of restructuring initiatives we outlined previously is being implemented as planned, and we are confident that these self-help actions will deliver a recovery in our trading margins towards the end of the year as anticipated.

We are continuing to leverage our quality leadership to develop higher value products and services for our customers, and are starting already to see some improvement in the penetration of these solutions, in both Steel and Foundry. This will enable us to drive improved margins in the longer term.

CONFERENCE CALL:

François Wanecq (Chief Executive) and Chris O’Shea (Chief Financial Officer) will be hosting a conference call for analysts and investors at 9:00 a.m. (UK time) today (17 May).

To join the call, please use the dial in number below:

Conference call:
+44 (0)20 3427 1914 all participants
Confirmation code: 3662736
A replay of the call will be available approximately one hour after the event for two weeks on the following number:

Replay:
+44 (0)20 3427 0598 non-US participants
+1 347 366 9565 US participants
Confirmation code: 3662736
 

Download the full announcement