Vesuvius plc (VSVS.L), a provider of molten metal flow engineering and technology solutions, reported Thursday that its fiscal 2024 profit before tax dropped 22.7 percent to 138.6 million pounds from last year's 179.4 million pounds.
Basic earnings per share were 33.5 pence, down 23.8 percent from last year's 44.0 pence.
Headline basic earnings per share were 43.3 pence, compared to 46.7 pence a year ago.
Revenue declined 5.7 percent to 1.82 billion pounds from last year's 1.93 billion pounds.
Further, the Board has recommended a final dividend of 16.4 pence per share to be paid subject to shareholder approval, on June 6 to shareholders on the register at April 25. The full-year dividend would be 23.5 pence per share, up 2.2 percent from last year.
Looking ahead, Vesuvius currently anticipates that its trading profit in 2025 will be at a broadly similar level to 2024 on a constant currency basis and including the contribution from the PiroMET acquisition.
The company said, "For the year ahead, while we remain confident in our own performance, we are cautious on market conditions due to the uncertain economic environment arising from the negative impact of trade tariffs which continue to evolve, geopolitical volatility and the continuing structural weakness of Steel and Foundry markets in Europe."
In London, Vesuvius shares were trading at 405.50 pence, down 1.10%.
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