DVO Devro Plc

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

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April 25, 2018 02:01 ET (06:01 GMT)

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