Vesuvius plc (VSVS.L), a provider of molten metal flow engineering and technology solutions, Tuesday said it currently sees trading profit for fiscal 2024 to be slightly below the previous year, citing continued softening in Steel and Foundry markets.
Additionally, the company said it will start a share buyback program of up to 50 million pounds, beginning today and ending by July 23, 2025.
"The Programme is a continuation of the fulfilment of Vesuvius' commitment to return surplus cash to shareholders, following the successful completion of its initial £50m Share Buyback Programme at the end of August," Vesuvius said in a statement.
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