Collagen Solutions update boosts confidence

AIM-listed biological materials producer Collagen Solutions (LON:COL) saw its share price increase by 2.51% to 3.23p (as of 14:30 BST) after providing an update on current trading. Management said that the order book remains strong despite logistical and operational issues caused by COVID-19 and they remain confident in meeting long-term expectations.

CEO Jamal Rushdy commented: “I remain extremely proud of the resilience and response of our team members during the Covid-19 crisis, and grateful for the continued support and partnership of our customers. While we have started the year positively, we are prepared that the current financial year might have challenges driven by external events. We will retain our relentless focus on delivering for our customers while also ensuring the health and safety of our employees, their families, and our communities. In particular, we are encouraged by our current order book and strength of demand during the first two months of the financial year and are confident we can generate value to shareholders over the medium term“.