27th Apr 2016 08:43
LONDON (Alliance News) - Devro PLC said on Wednesday trading so far in 2016 has continued in line with the board's expectations, with market conditions similar to the second half of 2015.
The collagen products manufacturer for the food industry said the investment projects for its new plants in the US and China remain on track, with both in the commissioning phase and all government approvals now in place.
Operating cash flow continues to be strong, with net debt rising in line with expectations, Devro added.
"The board's outlook for 2016 remains unchanged," Devro said in its statement, which was released ahead of its annual general meeting on Wednesday.
Shares in Devro were trading up 2.5% at 280.00 pence on Wednesday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
DVO.L