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Reporting 2023

Think Beyond. Shape the Future.


Vesuvius is a global leader in molten metal flow engineering and technology, serving process industries operating in challenging high-temperature conditions.

We think beyond today to create innovative solutions that will shape the future, delivering products and services that help our customers make their industrial processes safer, more efficient and more sustainable.

 

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Performance

REVENUE

£m

TRADING PROFIT 2

£m

RETURN ON SALES 2

%

PROFIT BEFORE TAX

£m

HEADLINE EARNINGS PER SHARE2 

p

REVENUE (£m)

2023

1,929.8

2022

2,047

2021

1,643

TRADING PROFIT 2 (£m)

2023

200

2022

227

2021

142

OPERATING PROFIT (£m)

2023

190

2022

217

2021

133

STATUTORY EPS (p)

2023

44.0

2022

67.2

2021

37.7

FREE CASH FLOW 2 (£m)

2023

128.2

2022

123.1

2021

-0.3

  1. Underlying basis is at constant currency and excludes separately reported items and the impact of acquisitions and disposals.
  2. For definitions of alternative performance measures, refer to Note 35 of the Group Financial Statements.

Our Strategy

PATRICK ANDRÉ

Chief Executive

We delivered robust results in 2023 despite difficult market conditions, which were most evident in the second half of the year. Despite the challenges, 2023 was the second-most profitable year in our history.

At A Glance

Vesuviusskawina2022©Sdhote0489

Steel Division

Our customers are steel producers and other high-temperature industries. Vesuvius is a world leader in the supply of refractory products, systems and solutions.

 
These help our customers increase their efficiency and productivity, enhance quality, improve safety and reduce their costs and their environmental impact.

Vesuviuscleveland2022©Sdhote0460

Foundry Division

We are a world leader in the supply of consumable products, technical advice and application support to the global foundry industry, improving casting quality and foundry efficiency.

Our primary customers are ferrous and non-ferrous foundries serving various end-markets, from large bespoke castings to high-volume automotive pieces. We operate in the foundry sector under the Foseco brand.

Vesuviuspittsburgh2022©Sdhote1443

Locations

Our global presence positions us well to take advantage of developing steel and foundry market dynamics.