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