Devro loses sizzle with profit warning

Devro, a sausage casing supplier, has warned that full year operating profits will be slightly below expectations, although still ahead of last year.

Devro, a sausage casing supplier, has warned that full year operating profits will be slightly below expectations, although still ahead of last year.

It blamed this on a number of factors, namely adverse currency movements, increased raw material costs and extended plant commissioning periods. It expects the trend of increased raw material prices to continue into next year.

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