"Vesuvius is a global leader in metal flow engineering, developing, manufacturing and marketing mission-critical ceramic consumable products and systems to demanding applications, primarily in the global steel and foundry industries. Vesuvius also supplies fabricated precious metals to the jewellery industry in Europe and has significant precious metals recycling operations."

Both Vesuvius Plc & Alent Plc are seperate companies created from the demerger of Cookson Plc in Dec 2012.

http://www.vesuvius.com/en/

HY Results : http://www.moneyam.com/action/news/showArticle?id=6066828

Patrick André, Chief Executive of Vesuvius, commented:
"We had a strong H1 2018, delivering our best half year revenue, trading profit and return on sales since we became an independent company in 2012. We continued to outperform underlying markets thanks to the growth in demand for our value-creating solutions, supported by our increasing investment in R&D. We are cautiously optimistic regarding H2 2018 performance as the environment in our key end markets remains positive. This strength in underlying markets and our continuing implementation of self-help measures underpins our confidence that our full year trading profit (EBITA) will be marginally above the current consensus market expectation of c.£189m(1). Looking beyond 2018, we believe in our ability to deliver further organic improvement in our profit margins as we implement our strategy and deliver on our restructuring programmes."

Berenberg today initiates coverage of Vesuvius (LON:VSVS) with a hold investment rating and price target of 660p.

StockMarketWire.com
Molten metal flow engineering group Vesuvius warned that unfavorable currency movements would impact its full-year profit.

The impact of exchange-rate movements during 2018 had increased since the company's first-half results, due primarily to further currency depreciation in developing markets.

'Without this increased foreign exchange headwind our expectations for full year trading profit would have been approximately 5% higher,' the company said.

Still, Vesuvius said it expected its full-year Ebita to be in-line with current consensus market expectations, even after taking FX headwinds into account.

'We continue to deliver a strong performance across all business units and regions of the world,' the company said.