LONDON (Alliance News) - Collagen manufacturer Devro PLC said Wednesday its trading to date has been in line with expectations.
Its Devro 100 restructuring programme continues to "progress well" and is on track to deliver targeted cost savings for the year. "Good progress" was made at its US plant to achieve targeted levels of productivity and output efficiencies.
The company said its China plant "continues to perform well".
Despite the "ongoing pressures from input cost inflation and exchange rate volatility", Devro said it "remains confident" it will make good progress in 2018.
Shares in Devro were up 0.7% to 220.00 pence each.