Vesuvius PLC

VSVS · LSE · Basic Materials / Steel

458.40GBX-1.40 (-0.30%)

Price History

Full chart

Market Stats

Previous Close459.80

Open457.00

Day Range456.40 – 460.20

52-Week Range331.47 – 494.00

Volume516.38K

Market Cap1.12B

P/E (TTM)29.73

Forward P/E10.07

EPS0.15

Dividend Yield5.31%

Beta1.02

50-Day Avg387.88

200-Day Avg430.08

About

Vesuvius plc provides molten metal flow engineering and technology services to steel and foundry casting industries worldwide. It operates through Steel Flow Control, Steel Advanced Refractories, Steel Sensors & Probes, and Foundry segments. The company offers feeder sleeves and risers, including insulating, exothermic insulating, and highly exothermic sleeves, as well as boards, lids, and powders. It also provides coatings for sand moulds and cores comprising high-production foundry jobbing, foundry coating equipment, and speciality foundry coatings; filters and gating systems for steel, iron, and nonferrous castings; metal treatment products; refractory linings and flow control products, such as furnace linings, ladle linings, and stoppers and nozzles for iron and steel foundries; die coatings for permanent mould casting; and crucibles and retorts under the Salamander and Noltina brands. In addition, the company offers organic and inorganic mould and core binder systems, including self-setting binders, ester-setting silicates, gas-setting binders, and heat-setting resins, as well as ancillary products comprising release and parting agents, glues and sealants, and sand additives. Further, it provides foundry services and support. The company was formerly known as Vesuvius Technologies plc and changed its name to Vesuvius plc in October 2012. Vesuvius plc was founded in 1916 and is headquartered in London, the United Kingdom.

Company Details

SectorBasic Materials
IndustrySteel
CEOMr. Patrick Georges Felix Andre
Employees11.12K
Headquarters165 Fleet Street, London, United Kingdom, EC4A 2AE, UK
Websitehttps://www.vesuvius.com

Leadership

Mr. Patrick Georges Felix AndreCEO & Executive Director · b. 1963
Mr. Mark Russell CollisCFO & Executive Director · b. 1972
Euan DrysdaleGroup Head of Corporate Finance
Mr. Henry James KnowlesGeneral Counsel & Company Secretary · b. 1969
Ms. Agnieszka TomczakChief HR Officer · b. 1966
Mr. Pascal Herve Martin Marie Genest M.B.A.President of Flow Control · b. 1966
Mr. Nitin JainPresident of Advanced Refractories · b. 1981
Mr. Manuel DelfinoPresident of Foundry
Mr. Andrew MatthewsGroup Treasurer

Financials

Income Statement

Currency: GBP	1986-12-31	1987-12-31	1988-12-31	1989-12-31	1990-12-31	1991-12-31	1992-12-31	1993-12-31	1994-12-31	1995-12-31	1996-12-31	1997-12-31	1998-12-31	1999-12-31	2000-12-31	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31

Currency: GBP	1986-12-31	1987-12-31	1988-12-31	1989-12-31	1990-12-31	1991-12-31	1992-12-31	1993-12-31	1994-12-31	1995-12-31	1996-12-31	1997-12-31	1998-12-31	1999-12-31	2000-12-31	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	972.10M	835.90M	1.15B	1.42B	1.47B	1.16B	1.14B	1.35B	1.43B	1.56B	1.63B	1.72B	1.68B	1.86B	2.58B	2.10B	1.79B	1.64B	1.50B	1.46B	1.59B	1.62B	2.20B	1.96B	2.55B	2.83B	1.55B	1.51B	1.44B	1.32B	1.40B	1.68B	1.80B	1.71B	1.46B	1.64B	2.05B	1.93B	1.82B	1.81B
Growth (%)	-	-14.01%	+38.08%	+23.32%	+3.15%	-20.72%	-2.10%	+18.73%	+5.59%	+9.22%	+4.42%	+5.64%	-2.18%	+10.63%	+38.62%	-18.68%	-14.65%	-8.45%	-8.53%	-2.89%	+9.09%	+1.88%	+36.00%	-10.98%	+29.83%	+11.04%	-45.25%	-2.39%	-4.38%	-8.47%	+6.01%	+20.16%	+6.78%	-4.87%	-14.74%	+12.66%	+24.62%	-5.74%	-5.68%	-0.58%
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.64B	1.45B	1.21B	1.14B	1.08B	1.04B	1.14B	1.17B	1.62B	1.44B	1.83B	2.08B	1.15B	1.10B	1.05B	968.90M	1.02B	1.22B	1.29B	1.24B	1.09B	1.23B	1.49B	1.39B	1.32B	1.36B
Gross Profit	972.10M	835.90M	1.15B	1.42B	1.47B	1.16B	1.14B	1.35B	1.43B	1.56B	1.63B	1.72B	1.68B	1.86B	2.58B	2.10B	1.79B	1.64B	422.20M	418.20M	446.10M	451.50M	587.20M	517.80M	711.20M	743.20M	398.20M	410.50M	396.10M	353.10M	382.80M	464.10M	506.80M	466.90M	363.70M	410.40M	561.10M	537.90M	503.70M	450.10M
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	28.14%	28.70%	28.06%	27.88%	26.66%	26.41%	27.94%	26.29%	25.73%	27.18%	27.42%	26.71%	27.32%	27.56%	28.19%	27.30%	24.94%	24.98%	27.41%	27.87%	27.67%	24.87%
Operating Expense	860.00M	672.30M	950.90M	1.18B	1.30B	1.11B	1.06B	1.25B	1.29B	1.36B	1.47B	1.57B	1.59B	1.77B	2.42B	2.13B	1.80B	1.64B	344.50M	308.60M	308.80M	279.70M	456.20M	492.40M	488.20M	464.50M	355.40M	289.70M	272.10M	246.60M	262.70M	318.70M	327.10M	294.80M	289.40M	277.70M	344.30M	347.80M	350.00M	309.60M
Operating Income	112.10M	163.60M	203.30M	238.70M	164.40M	58.80M	83.40M	104.30M	139.00M	204.60M	160.50M	150.20M	95.70M	95.10M	158.10M	-27.60M	-12.50M	5.30M	77.70M	109.60M	137.30M	171.80M	131.00M	25.40M	223.00M	278.70M	42.80M	120.80M	124.00M	106.50M	120.10M	145.40M	179.70M	172.10M	74.30M	132.70M	216.80M	190.10M	153.70M	140.50M
Operating Margin	11.53%	19.57%	17.61%	16.77%	11.20%	5.05%	7.32%	7.71%	9.73%	13.11%	9.85%	8.73%	5.68%	5.11%	6.12%	-1.31%	-0.70%	0.32%	5.18%	7.52%	8.64%	10.61%	5.95%	1.30%	8.76%	9.86%	2.77%	8.00%	8.58%	8.06%	8.57%	8.63%	9.99%	10.06%	5.09%	8.08%	10.59%	9.85%	8.44%	7.76%
EBITDA	127.10M	182.60M	231.70M	277.80M	209.20M	121.00M	133.00M	170.00M	200.20M	264.60M	254.50M	251.90M	226.70M	149.80M	240.90M	10.50M	85.20M	101.90M	131.10M	147.90M	168.60M	210.10M	202.60M	90.70M	292.30M	233.10M	99.70M	177.50M	179.50M	160.20M	179.50M	208.60M	233.60M	194.10M	141.80M	198.80M	289.60M	270.10M	233.00M	198.70M
EBITDA Margin	13.07%	21.84%	20.07%	19.52%	14.25%	10.40%	11.67%	12.57%	14.01%	16.96%	15.62%	14.64%	13.47%	8.04%	9.33%	0.50%	4.75%	6.21%	8.74%	10.15%	10.61%	12.97%	9.20%	4.63%	11.48%	8.25%	6.44%	11.75%	12.43%	12.12%	12.81%	12.39%	12.99%	11.35%	9.72%	12.10%	14.14%	14.00%	12.80%	10.98%
Net Income	46.80M	89.50M	103.40M	105.00M	15.60M	-35.50M	37.30M	65.40M	14.50M	104.80M	6.70M	39.50M	-20.10M	36.70M	75.50M	-62.00M	-45.70M	-204.50M	-18.00M	-11.00M	62.90M	105.00M	46.10M	-48.50M	145.30M	146.80M	594.20M	105.40M	95.90M	48.80M	56.90M	38.00M	138.30M	80.30M	41.30M	102.10M	181.10M	118.50M	87.20M	52.20M
Net Income Margin	4.81%	10.71%	8.96%	7.38%	1.06%	-3.05%	3.27%	4.83%	1.02%	6.72%	0.41%	2.30%	-1.19%	1.97%	2.92%	-2.95%	-2.55%	-12.47%	-1.20%	-0.75%	3.96%	6.48%	2.09%	-2.47%	5.71%	5.19%	38.40%	6.98%	6.64%	3.69%	4.06%	2.26%	7.69%	4.69%	2.83%	6.21%	8.85%	6.14%	4.79%	2.88%
R&D	-	-	-	17.10M	22.30M	16.20M	20.30M	20.00M	21.90M	24.30M	25.90M	24.60M	26.90M	29.60M	41.10M	40.60M	33.00M	32.30M	24.30M	22.30M	23.80M	23.10M	30.70M	37.00M	38.10M	42.10M	24.50M	25.40M	26.10M	25.80M	28.60M	33.20M	33.60M	29.10M	27.90M	30.30M	35.90M	37.40M	36.90M	35.30M
R&D as % of Total Revenue	-	-	-	1.20%	1.52%	1.39%	1.78%	1.48%	1.53%	1.56%	1.59%	1.43%	1.60%	1.59%	1.59%	1.93%	1.84%	1.97%	1.62%	1.53%	1.50%	1.43%	1.39%	1.89%	1.50%	1.49%	1.58%	1.68%	1.81%	1.95%	2.04%	1.97%	1.87%	1.70%	1.91%	1.84%	1.75%	1.94%	2.03%	1.95%
Interest Expense	17.60M	19.80M	25.30M	55.70M	66.90M	31.70M	32.50M	27.50M	24.80M	31.40M	36.20M	23.20M	20.30M	25.00M	55.90M	55.20M	53.30M	31.60M	26.80M	57.20M	34.20M	28.30M	55.60M	46.20M	67.70M	67.00M	48.10M	16.00M	17.20M	15.40M	15.80M	16.70M	15.30M	17.90M	17.90M	13.00M	18.30M	23.50M	26.10M	22.40M
Interest Expense % of Total Revenue	1.81%	2.37%	2.19%	3.91%	4.56%	2.72%	2.85%	2.03%	1.74%	2.01%	2.22%	1.35%	1.21%	1.34%	2.17%	2.63%	2.97%	1.93%	1.79%	3.93%	2.15%	1.75%	2.52%	2.36%	2.66%	2.37%	3.11%	1.06%	1.19%	1.16%	1.13%	0.99%	0.85%	1.05%	1.23%	0.79%	0.89%	1.22%	1.43%	1.24%

Balance Sheet

Currency: GBP	1986-12-31	1987-12-31	1988-12-31	1989-12-31	1990-12-31	1991-12-31	1992-12-31	1993-12-31	1994-12-31	1995-12-31	1996-12-31	1997-12-31	1998-12-31	1999-12-31	2000-12-31	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31

Currency: GBP	1986-12-31	1987-12-31	1988-12-31	1989-12-31	1990-12-31	1991-12-31	1992-12-31	1993-12-31	1994-12-31	1995-12-31	1996-12-31	1997-12-31	1998-12-31	1999-12-31	2000-12-31	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	676.70M	894.00M	1.10B	1.51B	1.09B	896.10M	1.09B	1.15B	1.12B	1.33B	1.19B	1.28B	1.32B	2.04B	2.26B	1.97B	1.72B	1.54B	1.41B	1.44B	1.31B	1.46B	2.70B	2.36B	2.62B	2.71B	1.82B	1.68B	1.76B	1.73B	2.08B	2.07B	2.19B	2.10B	2.05B	2.13B	2.33B	2.28B	2.29B	2.41B
Total Liabilities	363.90M	392.10M	593.20M	954.70M	591.90M	386.80M	628.90M	516.90M	549.20M	584.50M	632.40M	682.10M	776.30M	1.46B	1.61B	1.37B	996.10M	913.80M	962.80M	974.00M	825.50M	695.40M	1.71B	1.29B	1.35B	1.37B	956.10M	795.00M	840.30M	823.60M	980.00M	996.20M	1.05B	990.10M	919.10M	1.03B	1.01B	962.00M	1.05B	1.17B
Total Equity	307.30M	494.40M	497.30M	547.70M	416.60M	423.70M	448.50M	625.60M	565.40M	728.80M	534.20M	569.30M	538.30M	577.50M	639.10M	587.10M	717.30M	615.10M	431.40M	449.00M	474.80M	754.00M	974.60M	1.05B	1.25B	1.31B	841.00M	856.60M	893.20M	872.40M	1.06B	1.03B	1.09B	1.06B	1.08B	1.04B	1.26B	1.25B	1.17B	1.12B
Cash	20.60M	107.80M	43.90M	52.00M	44.40M	24.70M	33.00M	33.60M	28.00M	129.70M	22.80M	120.40M	96.80M	50.10M	40.10M	23.60M	42.50M	56.80M	44.00M	65.90M	111.90M	167.40M	115.80M	160.20M	186.70M	188.10M	129.50M	76.60M	76.90M	101.50M	144.40M	161.90M	236.90M	229.20M	209.70M	169.10M	184.20M	164.20M	186.40M	190.60M
Total Debt	250.00M	210.10M	330.00M	567.40M	316.80M	166.60M	373.90M	210.60M	232.70M	177.10M	210.40M	226.50M	315.50M	511.50M	834.10M	773.20M	470.70M	415.30M	365.80M	358.20M	292.40M	218.00M	847.50M	531.60M	516.40M	552.00M	424.80M	324.80M	345.20M	393.10M	464.70M	436.20M	484.90M	474.90M	378.10M	443.70M	441.90M	402.20M	520.20M	641.90M
Net Debt	229.40M	102.30M	286.10M	515.40M	272.40M	141.90M	340.90M	177.00M	204.70M	47.40M	187.60M	106.10M	218.70M	461.40M	794.00M	749.60M	428.20M	358.50M	321.80M	292.30M	180.50M	50.60M	731.70M	371.40M	329.70M	363.90M	295.30M	248.20M	268.30M	291.60M	320.30M	274.30M	248.00M	245.70M	168.40M	274.60M	257.70M	238.00M	333.80M	451.30M

Cash Flow

Currency: GBP	1991-12-31	1992-12-31	1993-12-31	1994-12-31	1995-12-31	1996-12-31	1997-12-31	1998-12-31	1999-12-31	2000-12-31	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31

Currency: GBP	1991-12-31	1992-12-31	1993-12-31	1994-12-31	1995-12-31	1996-12-31	1997-12-31	1998-12-31	1999-12-31	2000-12-31	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	61.60M	31.10M	79.90M	36.90M	116.90M	91.80M	109.90M	91.00M	72.60M	124.70M	35.40M	99.00M	58.40M	88.90M	65.50M	56.90M	63.60M	131.50M	137.10M	100.80M	149.80M	86.50M	118.50M	108.60M	94.60M	83.90M	125.50M	141.90M	184.10M	152.50M	45.20M	211.10M	216.50M	158.70M	117.50M
Investing Cash Flow	-9.70M	-79.60M	-93.30M	-95.40M	-123.40M	-234.10M	-24.60M	-193.40M	-313.50M	-423.70M	800.00K	-44.10M	-42.70M	-54.80M	-16.60M	31.90M	-39.40M	-531.40M	-32.60M	-49.00M	-93.40M	-151.10M	-400.00K	-75.60M	-63.40M	-35.40M	-35.50M	-38.40M	-85.70M	-38.50M	-87.00M	-88.30M	-86.20M	-95.40M	-118.70M
Financing Cash Flow	-51.40M	49.70M	18.50M	56.80M	113.00M	27.80M	16.20M	73.00M	199.90M	267.70M	-26.00M	-17.20M	-23.40M	-43.00M	-45.90M	-39.40M	25.40M	323.00M	-47.80M	-35.60M	-51.60M	10.40M	-188.50M	-49.30M	-4.10M	-25.00M	-48.20M	-30.20M	-77.00M	-127.10M	-800.00K	-105.20M	-128.30M	-40.50M	20.20M
Capital Expenditure	54.80M	63.20M	79.10M	79.30M	83.00M	84.50M	90.80M	85.20M	80.60M	91.80M	68.40M	43.20M	48.50M	42.30M	42.50M	43.20M	59.90M	72.80M	35.00M	57.20M	85.10M	80.00M	46.30M	53.10M	38.10M	31.30M	39.00M	41.20M	65.40M	40.50M	45.50M	89.20M	92.60M	88.10M	78.10M
Free Cash Flow	6.80M	-32.10M	800.00K	-42.40M	33.90M	7.30M	19.10M	5.80M	-8.00M	32.90M	-33.00M	55.80M	9.90M	46.60M	23.00M	13.70M	3.70M	58.70M	102.10M	43.60M	64.70M	6.50M	72.20M	55.50M	56.50M	52.60M	86.50M	100.70M	118.70M	112.00M	-300.00K	121.90M	123.90M	70.60M	39.40M
Dividends Paid	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15.40M	21.70M	31.00M	-	-	51.80M	61.20M	39.40M	41.20M	43.90M	43.90M	45.60M	50.00M	53.90M	8.40M	55.50M	58.10M	60.70M	61.10M	57.90M
FCF to OCF	11.04%	-103.22%	1.00%	-114.91%	29.00%	7.95%	17.38%	6.37%	-11.02%	26.38%	-93.22%	56.36%	16.95%	52.42%	35.11%	24.08%	5.82%	44.64%	74.47%	43.25%	43.19%	7.51%	60.93%	51.10%	59.73%	62.69%	68.92%	70.97%	64.48%	73.44%	-0.66%	57.75%	57.23%	44.49%	33.53%
Dividend Paid to FCF	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	112.41%	586.49%	52.81%	-	-	80.06%	941.54%	54.57%	74.23%	77.70%	83.46%	52.72%	49.65%	45.41%	7.50%	-18500.00%	47.66%	48.99%	86.54%	146.95%

Earnings

Report Date	Mar 4, 2014	Aug 1, 2014	Mar 3, 2015	Jul 31, 2015	Mar 3, 2016	Jul 29, 2016	Mar 2, 2017	Jul 27, 2017	Mar 1, 2018	May 10, 2018	Jul 26, 2018	Nov 28, 2018	Feb 28, 2019	May 15, 2019	Jul 25, 2019	Oct 15, 2019	Feb 27, 2020	May 13, 2020	Jul 30, 2020	Nov 12, 2020	Mar 4, 2021	Jun 2, 2021	Jul 29, 2021	Nov 11, 2021	Mar 3, 2022	May 18, 2022	Jul 28, 2022	Nov 15, 2022	Mar 2, 2023	May 31, 2023	Jul 27, 2023	Nov 14, 2023	Apr 8, 2025	Aug 6, 2025	Mar 11, 2027
EPS Estimate	15.15	17.65	16.50	16.10	14.10	13.18	13.80	17.86	15.60	0.00	23.38	0.00	21.57	0.00	25.18	0.24	0.19	0.11	15.60	0.00	8.80	0.00	19.86	0.00	15.05	0.00	25.10	0.00	17.80	0.00	20.90	0.00	0.20	0.21	-
EPS Actual	0.00	0.00	0.00	0.00	0.05	0.09	0.08	0.15	0.07	0.00	0.22	0.00	0.27	0.00	0.19	0.24	0.10	0.11	0.08	0.00	0.07	0.00	0.16	0.00	0.22	0.00	0.30	0.00	0.37	0.00	0.00	0.00	0.15	0.17	-
Surprise	-100.00%	-100.00%	-100.00%	-100.00%	-99.65%	-99.32%	-99.42%	-99.16%	-99.55%	-	-99.06%	-	-98.75%	-	-99.25%	-1.25%	-47.37%	-3.64%	-99.49%	-	-99.20%	-	-99.19%	-	-98.54%	-	-98.80%	-	-97.92%	-	-100.00%	-	-25.00%	-18.57%	-
Timing	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Pre-market	-	Pre-market	-	Pre-market	-	Pre-market	-	-	After-hours	Pre-market

Key Statistics & Ratios

Market Cap1.12B

Enterprise Value1.35B

Trailing P/E29.73

Forward P/E10.07

PEG Ratio1.11

Price / Sales0.60

Price / Book0.80

EPS0.15

Book Value4.67

Revenue (TTM)1.82B

Gross Profit (TTM)475.30M

EBITDA208.40M

Profit Margin2.09%

Operating Margin8.40%

Return on Equity4.24%

Return on Assets3.77%

Shares Outstanding246.20M

Shares Float172.01M

Beta1.02

Dividend Yield5.31%

Dividend Rate0.24

Payout Ratio153.25%

Dividends

20262×

0.07Sep 3, 20260.17May 28, 2026

20252×

0.07Aug 14, 20250.16Apr 24, 2025

20242×

0.07Aug 8, 20240.16Apr 18, 2024

20232×

0.07Aug 3, 20230.16Apr 20, 2023

20222×

0.07Aug 4, 20220.15Apr 14, 2022

20212×

0.06Aug 5, 20210.14Apr 15, 2021

20202×

0.03Oct 29, 20200.14Apr 16, 2020

20192×

0.06Aug 8, 20190.14Apr 18, 2019

20182×

0.06Aug 9, 20180.13Apr 12, 2018

20172×

0.06Aug 10, 20170.11Apr 6, 2017

20162×

0.05Aug 11, 20160.11Apr 7, 2016

20152×

0.05Aug 13, 20150.11Apr 9, 2015

Stock Splits

May 15, 20091:10
May 27, 20051:10