17 Nov 2015 07:00
For immediate release 17 November 2015
Devro plc
Trading update
Devro plc ("Devro" or the "group"), one of the world's leading manufacturers of collagen products for the food industry, today issues the following trading update for the period from 1 July 2015 to date.
Trading has continued in line with the Board's expectations. Sales volumes grew in the third quarter with particularly strong sales in Japan, North America and China.
The group's two major investment projects, to build new plants in the USA and China, are both proceeding well. Construction and equipment installation at the US plant is now complete and commercial production is expected at the start of 2016. The new building in China is also complete and equipment installation is well advanced, with the factory on track to deliver commercial product in the latter part of 2016.
The outlook for the full year remains unchanged.
ENDS
For further information, please contact:
Devro plc Peter Page, Chief Executive Simon Webb, Group Finance Director
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Tel No: 020 7182 4960
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Buchanan Charles Ryland/Vicky Watkins/Robbie Ceiriog-Hughes |
Tel No: 020 7466 5000 |
Notes to Editors
FTSE listed Devro is one of the world's leading providers of collagen casings to the food industry supplying a wide range of products and technical support to manufacturers of sausages, salamis, hams and other cooked meats. The Group employs 2,200 staff across the world and produces its casings from five manufacturing sites based in Scotland, Australia, the Czech Republic and the USA. Devro reported sales of £232.3 million and profit before tax (before exceptional items) of £26.1 million for the year ended 31 December 2014. Devro is a constituent of the FTSE4Good Index Series which recognises that the company's performance meets globally recognised corporate responsibility standards.
Further information on Devro can be found on the company's website: www.devro.com