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Trading statements

Devro in line with forecasts

11 January 2017 07:54

Devro, one of the world's leading manufacturers of collagen products for the food industry, expects underlying operating profit for 2016 to be in line with the board's forecasts.

An update says: "As previously guided, overall sales volume trends in H2 were broadly similar to those experienced in H1. Improved performance in H2 in Russia, South East Asia and in particular in Q4 in China, offset lower volumes related to product issues in Latin America and some volume reduction in North America due to customer de-stocking in the final quarter. In China sales volumes in H2 were more than double of those in H1 as capacity from the new factory came on stream."

The group will announce its results for the year ended 31 December on 6 March.

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