Scots food casings firm Devro in line with forecast
Sausage skin and food casings manufacturer Devro assured investors yesterday that it was trading in line with expectations.
In a brief trading update, the Scots firm said total sales volumes in the period from 1 July to 31 October were ahead of the equivalent period last year, continuing the momentum delivered in the first half.
It added that its “Devro 100 programme” continued to progress well, with actions on track to deliver the anticipated cost savings for the year.
Strong sales growth in markets including China, together with currency fluctuations, helped the firm report an 11 per cent rise in revenues to £125.2 million in the first half of the year.