Vesuvius (GB:VSVS) has released an update.
Vesuvius plc reports a resilient first half of 2024 with financial results meeting expectations, despite challenging market conditions leading to a subdued performance in the Foundry sector. The company’s Steel Division continues to excel with positive net pricing and market share gains, while progress in cost reduction programs and R&D investments are expected to drive future growth. An interim dividend increase of 4.4% highlights the company’s confidence amid preparations for the anticipated market recovery.
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