Full Year 2019 Vesuvius PLC Earnings Call Transcript
©,-&
Good morning, ladies and gentlemen. Welcome to the presentation of Vesuvius 2019 results. My name is Patrick André, 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
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
