Vesuvius shares slump as temporary "operational issues" weigh on trade
(Alliance News) - Shares in Vesuvius PLC on Monday plunged as it forecast 2026 trading profit below current market expectations.
The London-based molten metal flow engineering and technology company said that since its May trading update, it has continued to be hurt by "operational issues" in its Steel division. Additionally, Advanced Refractories is experiencing a "challenging" trading environment, particularly in Europe.
"The operational issues, whilst temporary, are causing a greater impact than previously anticipated," Vesuvius said. The issues are being addressed and are expected to be resolved by the end of the year, it added. The company didn't specify what the operational issues are.
Vesuvius now expects full-year trading profit to be slightly ahead of GBP151.1 million in 2025, on a constant currency basis, below the GBP169 million market consensus, cited by JPMorgan. Trading profit for the first half of 2026 is expected to be around GBP74 million, down from GBP79.0 million in the first half of 2025.
Shares in Vesuvius fell 9.8% to 407.80 pence each in London on Monday morning, the worst performing stock in the FTSE 250 index, which was up 0.6%.
By Jeremy Cutler, Alliance News reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2025 Alliance News Ltd. All Rights Reserved.
The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
3 Stocks to Sell and 3 Stocks to Buy for November
3 of the Best Dividend Stocks to Own
The 10 Best Companies to Invest in Now
This Once-Hot AI Stock Now Looks Deeply Undervalued
United States