I have touched on this before - the continuing fall in the US Dollar may impact, adversly, on Provalis next results. We know that at least half of the installed Glycosal machines are in the US and that the cartridges which supply them are made at Deeside - therefore the costs of supplying cartridges are incurred in sterling - and the monies received in US Dollars. Does anyone know different to this assumption?
Purely because of the weakness in the dollar, it's reasonable to expect a loss of revenues from catridges supplied to the US, this might be in the order of 10% or more, based upon expectations of only a few months ago.
Shame to end the year on this downbeat note, but it's troubled me for a while - and the smart money currently is on the dollar falling some more yet.
I have of course assumed that Provalis sells machines/cartridges in the US in Dollars - so once again, if anyone knows the exact arrangements in place, I would be grateful.
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