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Vesuvius Plc. recently released an interim management statement covering current trading, its financial position and outlook. Market conditions have reportedly remained unchanged from the company’s reported 2013 results, and trading performance for the first quarter of 2014 has been in line with the board’s expectations.
The company reported no material change to its financial position from its previous statement. The company reportedly continues to operate with a strong balance sheet and remains cash generative. In addition, while there have been encouraging signs of increased activity in some end markets, conditions in other end markets remain challenging, and the company expects the underlying trading environment during 2014 to be broadly similar to that experienced in 2013.
For more information, visit www.vesuvius.com.