Struggle continues for Vesuvius in H1 as income drops and debt rises

By Davide Ghilotti
Published: Friday, 29 July 2016

The company says it saw early signs of stabilisation in the steel and foundry markets, but its H1 financials reveal worsening sales and profits as debt increased.

UK-based refractory and steel products manufacturer Vesuvius Plc, saw its profits and sales decline further in the first half of the year, owing to continued end-market weakness.

With revenue down almost 5%, net profit down 18% and a higher exposure to debt, the company’s situation remained difficult despite putting virtually...

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