Vesuvius PLC (STU:V4S)

€ 5 0 (0%) Market Cap: 1.30 Bil Enterprise Value: 1.68 Bil PE Ratio: 10.84 PB Ratio: 0.92 GF Score: 76/100

Full Year 2019 Vesuvius PLC Earnings Call Transcript

Feb 27, 2020 / 10:00AM GMT

Release Date Price: €4.82 (+0.21%)

Transcript

Patrick Georges Felix AndrÃ;Vesuvius plc;CEO;Director

©,-&

Good morning, ladies and gentlemen. Welcome to the presentation of Vesuvius 2019 results. My name is Patrick AndrÃ©, Chief Executive. And on my right is Guy Young, our Chief Financial Officer. I will start by giving you an update on our strategic progress and performance in 2019, then Guy will give you some more details on our financial performance last year. And then I will conclude with some word on the outlook before opening the floor for Q&A.

We were confronted last year with challenging market conditions in both our steel and foundry markets. As a result, our revenue declined GBP 87.6 million or 4.9% on a reported basis. However, we reacted very early in the year, deciding to accelerate and intensify our restructuring efforts. And thanks to this, we were able to mitigate the negative impact on operating profit and limit the decline of our operating profit to GBP 15.8 million. Our return on sales at 10.6% declined slightly, thus a limited decline of only 0.4% as compared with 11%, which we

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