Weak post-Brexit sterling could boost Eco Animal Health
Eco Animal Health talked up its position post-Brexit on Friday morning, as investors gathered for the company’s annual general meeting.
ECO Animal Health Group
107.00p
16:55 20/09/24
0.47%
0.50p
FTSE AIM 100
3,599.05
17:04 20/09/24
n/a
n/a
FTSE AIM All-Share
745.62
17:04 20/09/24
n/a
n/a
Pharmaceuticals & Biotechnology
22,415.97
16:49 20/09/24
-1.31%
-296.71
The AIM-traded company’s chairman Peter Lawrence said trading in the current year started well, with the first five months seeing sales significantly ahead of the same period last year.
“Following the ‘Brexit’ vote last June and the weakening of sterling against the major currencies in which we invoice around 97% of sales, it is anticipated that some foreign exchange benefits will enhance earnings,” he said.
“I look forward to reporting interim results to 30 September in December.”