Restructuring changes buoy Vesuvius 2016 results

By Kasia Patel
Published: Friday, 03 March 2017

Despite large flat steel markets and excess steel-making capacity impacting the market, Vesuvius reported an increase in profits and revenue owing to restructuring savings.

British refractory and foundry products supplier Vesuvius Plc saw an increase in revenue and profit for the year ended 31 December despite broadly flat end markets.

Revenue saw an increase of 6% to £1.4bn, while profit increased 17% for the year to £63.2m. Return on sales saw a slight uptick...

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