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Vesuvius PLC on Friday said revenue and trading profit in the first four months of the year were lower than a year ago due to higher material and labour costs, as it highlighted that ‘market trends remain challenging’. The London-based molten metal flow engineering and technology company expects its full-year results to be ‘slightly lower’ than previously guided, on a constant currency basis, though it noted a high level of uncertainty. Vesuvius said trading profit and revenue are expected to be lower due to higher raw material costs and labour cost inflation. It plans price increases to recover part of the cost increases. Vesuvius said: ‘The year has started as we expected, with the announcement of global tariffs by the US administration taking place towards the end of the period under review, the direct impact of which we currently expect to be neutral. However, the wider macroeconomic environment and a further slow-down in global industrial activity coupled with ongoing softness in our end markets may impact our ability to fully recover all cost inflation.’ Vesuvius shares were down 1.8% to 367.80 pence each on Friday morning in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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