Vesuvius cuts 2026 profit outlook after Steel division issues persist
Vesuvius expects first-half 2026 trading profit of about £74 million as temporary operational problems in its Steel division continue to weigh on performance. The group also says Advanced Refractories faces a difficult trading environment, particularly in Europe, leading it to forecast full-year trading profit only slightly ahead of FY25 at constant currency.
Highlights
- Vesuvius lowered its 2026 trading profit outlook due to ongoing disruptions in its Steel division, expecting issues to resolve by year-end.
- The company forecasts first-half 2026 trading profit at about £74 million, citing temporary problems with greater impact than anticipated.
- Despite European weakness in Advanced Refractories, Vesuvius now expects 2026 full-year trading profit to be slightly ahead of FY25 on a constant currency basis.
Updated outlook before half-year results
As reported by London Stock Exchange, citing the Regulatory News Service, Vesuvius issues a trading update tied to its first-half performance and outlook for 2026.The company says the disruption in its Steel division has continued since its previous trading update on 28 May 2026. It adds that these operational issues remain temporary, but are having a greater effect than it had previously anticipated.
Vesuvius says the issues are being addressed and are expected to be resolved by the end of the year. For the first half of 2026, trading profit is expected to be about £74 million.
Pressure in Europe and implications for the year
Alongside the Steel division problems, Vesuvius says Advanced Refractories is operating in a challenging trading environment, with Europe identified as a particular area of weakness.As a result, the group now expects full-year trading profit to be slightly ahead of FY25 on a constant currency basis. Vesuvius says it will announce its 2026 half-year results at 7 a.m. on Thursday 30 July 2026, as previously planned.
Our earlier article on UK stock picks focusing on Greencore, Kier and Gateley looked at how recent updates were reshaping profit expectations, balance sheet views and valuation. We noted Greencore’s upgraded 2026 profit guidance tied to the Bakkavor integration and cost synergies, Kier’s strong revenue visibility and improving cash position, and Gateley’s challenge of sustaining growth while margins remain under pressure.
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