Vesuvius sees 2026 trading profit ahead of prior year

(Sharecast News) - Molten metal flow engineer Vesuvius said 2026 full-year trading profit was set to be ahead of the prior year as operational issues are being addressed and are expected to be resolved by the end of the year. In a brief trading statement, the company said trading profit for the first half is expected to be around £74m. It said that since its update in May, there have been continued operational issues in the steel division. The Advanced Refractories segment is also experiencing a "challenging" trading environment, particularly in Europe.

"The operational issues, whilst temporary, are causing a greater impact than previously anticipated," it said. "They are being addressed and are expected to be resolved by the end of the year.

"Accordingly, we now expect full-year trading profit to be slightly ahead of trading profit for FY25 on a constant currency basis."

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