Devro, which manufactures collagen products for the food industry, has reported it is on track to deliver on its cost savings target for the year after trading in line with expectations.
Last year, Devro recorded revenue of £256.9m.
The group, which is listed on the London Stock Exchange, said its Devro 100 programme continues to progress well.
In a trading update ahead of its annual meeting, Devro reported that good progress was being made at its plant in the US and that its plant in China has performed well.
The statement said: “Whilst recognising the ongoing pressures from input cost inflation and exchange rate volatility, the board remains confident that Devro is well placed to make good progress in 2018.”
All resolutions at the annual meeting yesterday were passed by shareholders.
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