DVO.L Regulatory News (DVO)

11 January 2017

Devro plc

Year End Trading Update

Devro plc ("the Group"), one of the world's leading manufacturers of collagen products for the food industry, today issues a trading update for the financial year ending 31 December 2016.

Trading update

Underlying operating profit* for the full year 2016 is expected to be in line with the Board's expectations.

As previously guided, overall sales volume trends in H2 were broadly similar to those experienced in H1. Improved performance in H2 in Russia, South East Asia and in particular in Q4 in China, offset lower volumes related to product issues in Latin America and some volume reduction in North America due to customer de-stocking in the final quarter. In China sales volumes in H2 were more than double of those in H1 as capacity from the new factory came on stream.

Full year results

The Group will announce its full year results on 6 March 2017.

* Underlying operating profit is defined as operating profit before exceptional items

ENDS

Contacts:

Devro plc

FTI Consulting