Full Year 2021 Vesuvius PLC Earnings Call Transcript
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(technical difficulty) 2021 Results presentation. My name is Patrick André, Chief Executive Officer of Vesuvius. To my right, with me this morning is Guy Young, our Chief Financial Officer. I will start with some updates on our global performance in 2021, then Guy will give you more details on our financials. I will then conclude with some perspectives on our year 2022 before opening the floor for questions.
We delivered a solid set of results in 2021 with a significant recovery on the low point of 2020. Our revenue increased 18% on an underlying basis. Our trading profit increased 50% on the underlying basis, but only 40% on a reported basis due to the significant impact of the pound appreciation during the year.
Our return on sales increased by 190 basis points. Our continued focus on cash management enabled us to further lower our working capital to sales ratio to 20.9%. This focus on cash also enabled us to maintain our net debt-to-EBITDA ratio at a low level of 1.4 despite
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