I am a firm believer in this share and i think it has great potential. It keeps increasing sales, but this year the profits were hit by input costs. I hope they can keep this under control and that "raising their prices" wont affect sales growth to a detriment. Still the best in their market and leading the way in terms of dividends i believe. http://www.business7.co.uk/business-news/company-results-and-forecasts/2013/02/26/devro-profits-hit-by-rising-input-costs-106408-23961494/
8 Feb '13
Devro: Societe Generale raises target price from 380p to 410p.
23 Oct '12
CAN,T see this share staying at these low prices.......imo Too good a firm with excellent prospects ..........Topped -up today......... GOOD LUCK
22 Oct '12
Steve Hannam, the Chairman of FTSE 250 sausage casing supplier Devro, has added to 12,594 shares to his and his wife's stake in the company on the same day the company warned that full-year operating profits will be slightly below expectations, although still ahead of last year. Hannam purchased the shares at 317.61p each for a total of £40,000. He and his wife now hold 223,622 shares, equal to 0.135% of the issued share capital. The firm blamed the decrease in expected profits on a number of factors, namely adverse currency movements, increased raw material costs and extended plant commissioning periods. It said it expects the trend of increased raw material prices to continue into next year. Consensus forecasts for the full year ending December 31st are for pre-tax profits of £43.64m on turnover of £242.50m. Earnings per share are expected to come in at 21.15p, putting it on a price earnings ratio of 15.9. In an interim management statement covering the period from July 1st to date, the firm was upbeat about turnover, saying: "Sales volumes have continued to grow across a wide range of markets, notably in Japan, Europe and the Americas, with sales of the premium 'Select' range continuing the momentum of the first half. Overall market demand remains strong both in established and emerging markets."
22 Oct '12
Devro: Panmure Gordon keeps hold rating and 320p target; Investec keeps buy rating and 355p target.
31 Jul '12
The interim dividend was increased from 2.5p to 2.65p. As expected, following the firm's investment programme, net debt increased to £31.4m (2011: £24.0m). Regionally, edible collagen volumes in continental Europe continue to increase, particularly in Eastern Europe, Scandinavia and Germany with sales of Select making a significant contribution to this increase. The Eurozone difficulties have had limited impact on the levels of demand and sales. UK and Ireland volumes, as expected, were down as a small number of product lines moved back to hog gut casing. Edible collagen volumes in the Americas increased considerably with solid growth in Latin American markets. Strong manufacturing performance compared to the prior year assisted in the improved availability of product to satisfy demand. Total volumes were up in Asia/Pacific with Japan showing significant growth reflecting the demand for Select. South East Asia and Korea also continue to grow.
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