API upbeat but concerned about demand levels

Specialist foils and packaging materials maker API Group has reassured that interim results will be in line with expectations after an 'encouraging' trading performance in the first six months of the year.

Specialist foils and packaging materials maker API Group has reassured that interim results will be in line with expectations after an 'encouraging' trading performance in the first six months of the year.

However, the company did not that it was cautious on demand levels in European markets and that its view was "in common with many other companies". However, it said that the outlook for the rest of the year remains positive given specific sales opportunities and improvement initiatives.

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