Vesuvius FY profits down 40.4%, warns of bearish impact of coronavirus

By IM Staff
Published: Friday, 28 February 2020

Vesuvius attributed a 4.9% drop in its 2019 revenues to £1.71 billion ($2.1 billion) and a 40.4% slump in profits to weak steel and foundry end-markets.

By Dalila Ouerghi

The UK-based refractory and foundry manufacturer expects challenging market conditions for steel and foundry end markets to continue for the rest of the first quarter of 2020 and to have an impact on the company’s performance in...

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