Devro PLC Trading Update (0040M)
25 April 2018 - 4:01PM
UK Regulatory
TIDMDVO
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 Tel: 020 3865
Finance Director 7637
FTI Consulting
Richard Mountain Tel: 020 3727
/ Nick Hasell 1340
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTSEFFULFASEDL
(END) Dow Jones Newswires
April 25, 2018 02:01 ET (06:01 GMT)
Devro (LSE:DVO)
Historical Stock Chart
From Apr 2024 to May 2024
Devro (LSE:DVO)
Historical Stock Chart
From May 2023 to May 2024
Real-Time news about Devro Plc (London Stock Exchange): 0 recent articles
More Devro News Articles