Devro (DVO)

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249.25p
   
  • Change Today:
    -1.50p
  • 52 Week High: 324.80
  • 52 Week Low: 210.00
  • Currency: UK Pounds
  • Shares Issued: 166.92m
  • Volume: 236,936
  • Market Cap: £416.05m
  • RiskGrade: 126
  • Beta: 0.22

Devro on track

Date: Tuesday 08 Nov 2011

LONDON (ShareCast) - Sausage skin maker Devro has reported that it is on course to meet board expectations for the current year.

Sales volumes have shown strong growth compared to the corresponding period last year, while the momentum seen in the second quarter has continued, helped by growth in Western Europe, Eastern Europe and Russia.

Latin America and South East Asia have also shown good growth, with volumes in the UK and Australia declining slightly.

The firm's new co-generation plant in Australia will be commissioned by the end of the year, and the savings generated will partially offset the expected energy cost increases across the group in 2012.

In line with expectations, net debt has risen since 30 June, reflecting the substantial ongoing capital expenditure.

During the period three manufacturing locations achieved accreditation to FS22000, the international standard defining food safety management requirements for organisations in the food chain.

The previously announced the sale of Devro GmbH, the German distribution business, to ViskoTeepak was completed at the end of September 2011 for €1.9m.

The share price rose 1% to 252.2p by 16:18.

NR

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Devro Market Data

Currency UK Pounds
Share Price 249.25p
Change Today -1.50p
% Change -0.60 %
52 Week High 324.80
52 Week Low 210.00
Volume 236,936
Shares Issued 166.92m
Market Cap £416.05m
Beta 0.22
RiskGrade 126

Devro Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
68.25% below the market average68.25% below the market average68.25% below the market average68.25% below the market average68.25% below the market average
45.95% below the sector average45.95% below the sector average45.95% below the sector average45.95% below the sector average45.95% below the sector average
Price Trend
25.89% below the market average25.89% below the market average25.89% below the market average25.89% below the market average25.89% below the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average
Income
54.15% above the market average54.15% above the market average54.15% above the market average54.15% above the market average54.15% above the market average
61.54% above the sector average61.54% above the sector average61.54% above the sector average61.54% above the sector average61.54% above the sector average
Growth
70.36% below the market average70.36% below the market average70.36% below the market average70.36% below the market average70.36% below the market average
62.16% below the sector average62.16% below the sector average62.16% below the sector average62.16% below the sector average62.16% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 7
Sell 0
Strong Sell 0
Total 9
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Devro Dividends

  Latest Previous
  Interim Final
Ex-Div 27-Aug-14 26-Mar-14
Paid 03-Oct-14 16-May-14
Amount 2.70p 6.10p

Trades for 24-Oct-2014

Time Volume / Share Price
16:37 7,500 @ 249.71p
16:35 17,867 @ 249.25p
16:29 457 @ 249.00p
16:29 68 @ 249.00p
16:28 457 @ 249.00p

Devro Key Personnel

CEO Peter Page
Chair Gerard Hoetmer

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