Vesuvius (VSVS)

Sector:

Engineering

Index:

FTSE 250

465.50p
   
  • Change Today:
    -2.00p
  • 52 Week High: 504.00
  • 52 Week Low: 390.80
  • Currency: UK Pounds
  • Shares Issued: 265.25m
  • Volume: 262,973
  • Market Cap: £1,234.73m

Vesuvius confident for full-year despite 'difficult' market conditions

By Abigail Townsend

Date: Wednesday 15 May 2024

LONDON (ShareCast) - (Sharecast News) - Engineering firm Vesuvius reiterated its full-year guidance on Wednesday, despite seeing "subdued" steel markets throughout the first quarter.
Updating on trading , the company - a specialist in molten metal flow engineering and technology - said its performance in the four months to 30 April was in line with expectations.

Steel end markets had remained "subdued", it noted, as anticipated. The exception was India, which continued to grow, and EEMEA, which recovered from a low base following the earthquake in Turkey in 2023.

Vesuvius defines EEMEA as Europe, the Middle East and Africa excluding the European Union and the UK.

Steel production volumes in the EU27+UK region continued to be subdued, although they had improved quarter-on-quarter, the firm noted. Foundry markets, meanwhile, remained "weak".

However, Vesuvius said: "Despite these difficult market conditions, we continue to perform well, achieving market share gains in flow control and foundry.

"Net pricing has remained resilient across all three business units.

"The resilience of our business gives us continued confidence that we will deliver on our full-year 2024 expectations."

Jefferies, which has a 'buy' rating on the stock, said: "This is a solid update. While the tone of the statement is hardly upbeat, it should not be a surprise - that is management's want, it is early in the year and group's performance was in line with management expectations.

"Underlying markets are mixed, but the group continues to deliver market share gains and we look for above market growth, EBITA margin progression and good free cashflow over the next few years."

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Vesuvius Market Data

Currency UK Pounds
Share Price 465.50p
Change Today -2.00p
% Change -0.43 %
52 Week High 504.00
52 Week Low 390.80
Volume 262,973
Shares Issued 265.25m
Market Cap £1,234.73m

Vesuvius Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
80.79% above the market average80.79% above the market average80.79% above the market average80.79% above the market average80.79% above the market average
75.76% above the sector average75.76% above the sector average75.76% above the sector average75.76% above the sector average75.76% above the sector average
Price Trend
40.53% above the market average40.53% above the market average40.53% above the market average40.53% above the market average40.53% above the market average
31.43% above the sector average31.43% above the sector average31.43% above the sector average31.43% above the sector average31.43% above the sector average
Income
79.32% above the market average79.32% above the market average79.32% above the market average79.32% above the market average79.32% above the market average
75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average
Growth
50.86% below the market average50.86% below the market average50.86% below the market average50.86% below the market average50.86% below the market average
69.7% below the sector average69.7% below the sector average69.7% below the sector average69.7% below the sector average69.7% below the sector average

What The Brokers Say

Strong Buy 4
Buy 3
Neutral 3
Sell 1
Strong Sell 0
Total 11
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Vesuvius Dividends

  Latest Previous
  Final Interim
Ex-Div 18-Apr-24 03-Aug-23
Paid 31-May-24 15-Sep-23
Amount 16.20p 6.80p

Trades for 14-Jun-2024

Time Volume / Share Price
16:35 81,049 @ 465.50p
16:35 1 @ 465.50p
16:35 528 @ 465.50p
16:35 1,759 @ 465.50p
16:35 144 @ 465.50p

Vesuvius Key Personnel

CEO Patrick André

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