Viscofan : Trading update for the first months of 2019
April 10, 2019 at 12:48 pm EDT
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Ahead of the Annual General Meeting to be held next Friday 12th April 2019 in Pamplona, Viscofan has decided to release a trading update based on the first months of 2019. The release of the first quarter financial results is scheduled 7th May 2019 at market close.
The growth of casings sales experienced during this term is consistent with Viscofan's guidance for the year, with an increase of 7% compared to the same period last year.
All reporting areas have achieved positive figures, being especially significant the strength of growth attained in Latam.
During the first months of the year the Viscofan group has continued working on the initiatives set for this phase of the MORE TO BE strategy. Of those, it is worthy to highlight the start up of the third module of the new cellulose technology in the plant of Cáseda (Spain) that will contribute to register better production costs in the second half of the year, pursuant to the plans of the company.
Guidance for the year remains unchanged.
For further information:
Investor Relations and Corporate Communications
Tfno: + 34 948 198 436
e-mail: aresa@viscofan.com; beguiristainf@viscofan.com
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Viscofan SA published this content on 10 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 10 April 2019 16:47:02 UTC
Viscofan SA is a Spain-based company engaged in the packaging industry, mainly for meat products. The Company focuses on the manufacture and distribution of artificial castings, as well as plastic films that are used for separation of sliced food. Its products range includes cellulose, collagen, fibrous and plastic castings. In addition, it designs and produces packing machinery, as well as provides related spare parts. The Company also sells electric power, which is produced by cogeneration systems. The Company operates manufacturing plants and sales offices in Spain, Serbia, Czech Republic, Germany, Brazil, Mexico, Uruguay, China and the United States, among others. It controls a number of subsidiaries, such as Nanopack, Technology and Packaging SL, Naturin Viscofan GmbH and Viscofan Centroamerica Comercial SA.
VISCOFAN, S.A. 
