2014 Half Year Results

Strong margin improvement through the delivery of Group strategy

Vesuvius plc, a global leader in molten metal flow engineering, announces its half year results for the six months
ended 30 June 2014.

Highlights

• Revenue of £729.8m, up 4.7% on an underlying basis(1); down 5.6% on a reported basis (H1 2013: £772.7m)
• Trading profit(2) of £71.2m, up 14.3% on an underlying basis(1); up 0.7% on a reported basis (H1 2013: £70.8m)
• Return on sales(2) of 9.8% improved by 83 basis points on an underlying basis(1); up by 60 basis points on a reported basis
• Net debt(2) £261.7m at 30 June 2014 (30 June 2013: £272.5m)
• Headline(3) earnings per share of 16.4 pence; up 17.3% on an underlying basis; up 3.2% on a reported basis
  (H1 2013: 15.9 pence)
• Interim dividend increased by 5.3% to 5.0 pence per share (2013: 4.75 pence)
  
  

(1) Underlying basis is at constant currency and excludes separately reported items and the impact of acquisitions and disposals
(2) For definition of non-GAAP measures, please refer to note 17.8 of the financial statements
(3) Headline results refer to continuing operations and exclude separately reported items

Download 2014 Half Year Results