Fenner’s results set to beat forecasts
Industrial conveyor belt maker Fenner forecast full-year results ahead of market expectations after strong trading in its fourth quarter.
The firm, which is based in Hessle, near Hull, said trading in the final quarter to August 31 had been particularly robust in both the conveyor belting and advanced engineering products divisions.
Fenner said it would end the year with net debt of less than £110m.
“Whilst we note that uncertainty about the strength of the global economy has increased, the demand levels remain in line with our expectations,” the firm added.