Venture Life maintains operations in Italy amid lockdowns
By Iain Gilbert
Date: Wednesday 03 Jun 2020
(Sharecast News) - Self-care products manufacturer Venture Life said on Wednesday that its manufacturing facility in northern Italy had successfully maintained operations throughout the Covid-19 lockdowns, with only minimum disruptions to production and supply.
Venture Life stated its commercial team had been able to quickly respond to market demand for sanitising gel, as well as being able to secure new partnership agreements within a matter of weeks.
With a "robust" long-term order book, a "strong" balance sheet and new commercial opportunities, the AIM-listed group said it was looking forward to updating on its progress as the year continues.
"The board would like to thank shareholders for their co-operation and understanding during these challenging and extraordinary times," said chief executive Jerry Randall at the Venture Life's closed-door annual general meeting.
As of 0930 BST, Venture Life shares were up 5.91% at 70.96p.
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