1st Jul 2008 07:00
Devro plc ("Devro" or "the Company")
Pre-close Trading Update
1st July 2008
Devro, the world's leading manufacturer of collagen products for the food industry, will announce interim results for the six months ending 30th June 2008 on 28th August 2008. As the company enters its close period it announces that trading is in line with expectations. Sales volumes, revenue and profit figures for the period will be ahead of last year. Cash and net debt are at expected levels for this time of year.
The achievement of price increases has been a priority for the business during the period, and will continue to be a prime area of focus. Despite rising energy and commodity prices, the Directors are satisfied with the Company's overall performance.
Consumer demand does not appear to have been reduced by the economic environment, and emerging markets continue to give us reason to forecast continuing growth in global demand for our products.
Enquiries:
Devro plc: 01236 878262
Peter Williams, Finance Director
Brunswick Group LLP: 020 7404 5959
Andrew Fenwick
Robert Gardener
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