A very brief but in line AGM update from Devro this morning. As anticipated underlying trading conditions remain mixed but there is positive news around growth investment, especially government approvals around the new China facility. This removes a key area of uncertainty. We do not envisage consensus expectations changing on the back of today’s update. We remain positive as we see structural growth of the collagen market and Devro’s re-positioning of the business to capitalise on emerging mark ....
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In line AGM update with positive China news
- Published:
27 Apr 2016 -
Author:
Sahill Shan -
Pages:
3
A very brief but in line AGM update from Devro this morning. As anticipated underlying trading conditions remain mixed but there is positive news around growth investment, especially government approvals around the new China facility. This removes a key area of uncertainty. We do not envisage consensus expectations changing on the back of today’s update. We remain positive as we see structural growth of the collagen market and Devro’s re-positioning of the business to capitalise on emerging mark ....