Anpario chairman warns of ongoing currency headwinds
Anpario chairman Peter Lawrence cautioned that currency headwinds had continued to challenge sales growth during the first six months of its trading year.
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Despite the FX challenges, Lawrence stated the ongoing implementation of Anpario's strategy was "progressing well" and that the business was still set to trade in line with management's full-year expectations.
As highlighted at the time of Anpario's 2017 full year results, currency headwinds had hindered the AIM-listed group's sales growth in sterling terms, although Lawrence noted that "some positive hedging" was in place.
"Latin America has also not been immune to economic problems in certain key countries such as Brazil, Mexico and Argentina where more recently, however, there may be signs of some recovery," he added, ahead of the firm's annual general meeting on Thursday.
As of 1420 BST, Anpario shares fell over 9% to 435p.