"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/

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.