Devro PLC

Trading Update

RNS Number : 0040M
Devro PLC
25 April 2018
 

 

 

25 April 2018

 

Devro plc

 

Trading Update

 

Devro plc, one of the world's leading manufacturers of collagen products for the food industry, issues the following trading update for the period 1 January 2018 to the current date ("the period"), ahead of its Annual General Meeting to be held at 11.00am today.

Trading for the period was in line with the Board's expectations. The Devro 100 programme continues to progress well, with actions on track to deliver the targeted cost savings for the year. As part of the phased plan to achieve the targeted levels of productivity and output efficiencies at our US plant, good progress was made during the period. Our China plant continues to perform well.  As previously indicated our focus now is on improving the pricing for the products from this plant, and progress was made during the period.

Whilst recognising the ongoing pressures from input cost inflation and exchange rate volatility, the Board remains confident that Devro is well placed to make good progress in 2018.

 

ENDS

 

 

Contacts:

 

Devro plc

Rutger Helbing

Chief Executive

Tel: 020 3865 7637

Matthew Peacock

Interim Group Finance Director

Tel: 020 3865 7637

 

FTI Consulting

Richard Mountain / Nick Hasell


Tel: 020 3727 1340

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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