Sprue Aegis (AIM:SPRP) - positive statement despite the currency headwinds
The AIM quoted provider of home safety products has issued a positive AGM statement reassuring those that might have concerned that currency issues were becoming a major issue with booming sales in Continental Europe.
The first half of 2015 is expected to be another strong period of trading for the Group , reflected in record sales and operating profit. Whilst the strength of Sterling against the Euro has continued to create significant headwinds, sales into France have continued to perform strongly and, in total, H1 2015 sales into Continental Europe are likely to be significantly ahead of both last year and management expectations. Sales by the other four business units are expected to perform broadly in line with management expectations and last year. The Board expects H2 2015 sales and operating profit to…