Devro (DVO)

   Trade now with Barclays Stockbrokers   Trade now with Barclays   Sponsored by Barclays Stockbrokers

244.75p
   
  • Change Today:
      1.75p
  • 52 Week High: 338.00
  • 52 Week Low: 210.00
  • Currency: UK Pounds
  • Shares Issued: 166.92m
  • Volume: 1,016,290
  • Market Cap: £408.54m
  • RiskGrade: 113
  • Beta: 0.12

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

Email this article to a friend

or share it with one of these popular networks:


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 244.75p
Change Today 1.75p
% Change 0.72 %
52 Week High 338.00
52 Week Low 210.00
Volume 1,016,290
Shares Issued 166.92m
Market Cap £408.54m
Beta 0.12
RiskGrade 113

Devro Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
45.01% below the market average45.01% below the market average45.01% below the market average45.01% below the market average45.01% below the market average
25.71% below the sector average25.71% below the sector average25.71% below the sector average25.71% below the sector average25.71% below the sector average
Price Trend
73.51% below the market average73.51% below the market average73.51% below the market average73.51% below the market average73.51% below the market average
43.59% below the sector average43.59% below the sector average43.59% below the sector average43.59% below the sector average43.59% below the sector average
Income
59.55% above the market average59.55% above the market average59.55% above the market average59.55% above the market average59.55% above the market average
76.00% above the sector average76.00% above the sector average76.00% above the sector average76.00% above the sector average76.00% above the sector average
Growth
72.7% below the market average72.7% below the market average72.7% below the market average72.7% below the market average72.7% below the market average
72.22% below the sector average72.22% below the sector average72.22% below the sector average72.22% below the sector average72.22% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 6
Sell 0
Strong Sell 1
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 02-Sep-2014

Time Volume / Share Price
16:35 17,200 @ 244.75p
16:29 297 @ 244.50p
16:27 781 @ 244.25p
16:27 1,200 @ 244.25p
16:27 989 @ 244.25p

Devro Key Personnel

CEO Peter Page
Chair Gerard Hoetmer

Top of Page