Fenner reports encouraging start to financial year

ERJ staff report (DS)

London — Fenner PLC has said the initial months of the current financial year have been, “most encouraging.”

In a statement the company said, “Across the Group, revenues generated from the mining sector have remained robust and our technical weaving medical business has made further progress. Elsewhere, the signs of recovery in our industrial businesses are becoming increasingly apparent.”

The statement goes on to say that de-stocking has now largely ended, while re-stocking is beginning, which is giving a further boost to sales…

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