Alent confident of meeting annual targets after solid first quarter

LONDON (ShareCast) - Chemicals supplier Alent (LSE: ALNT.L - news) said it was confident of meeting its annual targets after the company's first quarter trading was in line with expectations. The London-listed company reported a 2.9% increase year-on-year in net sales value to £101.8m, driven by favourable currency translation helped by the weakening euro.

Net sales value in the group's assembly materials business rose 4%, with Alent reporting progress across the majority of its product lines, while the surface chemistries division saw net sales value climb 2%.

The FTSE 250 company said that expectations for the full-year were unchanged and remained confident its performances will improve in the second half of 2015.

Alent shares were down 0.73% to 379.70p at 09:21 on Wednesday.