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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Devro Plc | LSE:DVO | London | Ordinary Share | GB0002670437 | ORD 10P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 329.00 | 329.00 | 329.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMDVO
RNS Number : 0134X
Devro PLC
25 April 2019
25 April 2019
Devro plc
Trading Update
Devro plc ("Devro" or the "Company"), one of the world's leading manufacturers of collagen products for the food industry, issues the following trading update for the period 1 January 2019 to the current date ("the period"), ahead of its Annual General Meeting to be held at 11.00am today.
Trading in the period was in line with the Board's expectations, with momentum building through the quarter after a slower start to the year.
We continue to see good trading in North America, South East Asia and China, offset by ongoing challenging conditions in Russia, Japan and Latin America. As previously indicated, we expect 2019 revenue growth to be H2 weighted, as it will benefit from the build in sales of Fine Ultra, as well as underlying market growth.
Our cost saving initiatives are on track and we are confident of being able to meet the previously outlined targets.
Devro remains well placed to make good progress during 2019.
Chairman Search
As announced on 15 November 2018, Gerard Hoetmer will retire as Chairman and Director of the Company at the conclusion of today's Annual General Meeting. The search for a new Chairman is well advanced and the Board anticipates an announcement will be made in the near future. Current Senior Independent Director, Paul Withers, will serve as interim Chairman from the conclusion of today's Annual General Meeting until the new Chairman is appointed.
ENDS
Contacts:
Devro plc
Rutger Helbing Chief Executive Officer Tel: 020 3865 7637 Jackie Callaway Chief Financial Officer Tel: 020 3865 7637
FTI Consulting
Richard Mountain / Nick Tel: 020 3727 1340 Hasell
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
TSTSEDFWLFUSEIL
(END) Dow Jones Newswires
April 25, 2019 02:00 ET (06:00 GMT)
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