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Vesuvius Plc recently released an interim management statement discussing trading in the period from July 1 to date, as well as its financial condition. Group trading performance in the period has reportedly been in line with management’s expectations. Underlying market conditions reflected a continuation of the activity levels seen in the second quarter and were generally stable.
The company reportedly continues to implement a number of actions to mitigate the effect of the weakness in end market demand experienced since the third quarter of 2012, including a program to streamline the group’s portfolio and focus on higher value product lines. These self-help measures are reportedly contributing to an improvement in the group’s trading margins. The company’sexpectations for full year performance therefore remain unchanged. The company reports that there has been no material change in its financial position from the details reported in its half year results.
For more information, visit www.vesuvius.com.