Q1 2022 Vesuvius PLC Earnings Call Transcript
Good morning, everybody. Thank you for attending our trading update this morning. I am with Guy Young, our Chief Financial Officer.
I will start by giving you some highlights on this trading update and then open the floor for questions. So the most important point of our trading update today is a very strong sales performance for the first 4 months of the year, both from a pricing and volume point of view. Starting with pricing, we had a strong success of our pricing initiative, which enabled us to confirm the resilience and strength of our pricing model and our pricing power associated with our business model based on technological differentiation.
We could fully offset, in fact, a bit more than fully offset all cost increase which we had to incur, be it raw material, energy, freight, labor, all this was more than fully compensated successfully by our price increase initiatives. And this has been done without negative impact on our volume, because at the same time, we had a positive performance in terms of volume
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