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Devro PLC (DVO.L)

DVO.L on London Stock Exchange

210.00GBp
21 Sep 2018
Change (% chg)

4.00 (+1.94%)
Prev Close
206.00
Open
212.00
Day's High
212.00
Day's Low
206.50
Volume
828,429
Avg. Vol
242,960
52-wk High
247.00
52-wk Low
185.00

Latest Key Developments (Source: Significant Developments)

Devro Says Expectations For FY Remain Unchanged
Wednesday, 1 Aug 2018 02:00am EDT 

Aug 1 (Reuters) - Devro PLC ::INTERIM DIVIDEND 2.7 PENCEPER SHARE.HY REVENUE £120.2 MILLION VERSUS £125.2 MILLION.HY PROFIT BEFORE TAX £14.3 MILLION VERSUS £14.5 MILLION.HY BASIC EARNINGS PER SHARE 6.6 PENCE.BOARD'S EXPECTATIONS FOR FULL YEAR REMAIN UNCHANGED.  Full Article

Devro Says Appoints ‍Jackie Callaway As CFO
Thursday, 29 Mar 2018 08:00am EDT 

March 29 (Reuters) - Devro Plc ::APPOINTMENT OF CHIEF FINANCIAL OFFICER.‍JACKIE CALLAWAY WILL JOIN BOARD OF DEVRO AS CHIEF FINANCIAL OFFICER ON 1 MAY 2018​.‍JACKIE WAS MOST RECENTLY GROUP FINANCIAL CONTROLLER OF BRAMBLES LIMITED​.  Full Article

Devro Says ‍Peter Page Will Step Down As CEO
Wednesday, 28 Feb 2018 02:02am EST 

Feb 28 (Reuters) - Devro Plc ::DEVRO - ‍PETER PAGE WILL STEP DOWN AS CHIEF EXECUTIVE OF DEVRO, TO BE SUCCEEDED IN THIS ROLE BY RUTGER HELBING, CURRENTLY GROUP FINANCE DIRECTOR​.  Full Article

Devro Says FY ‍Statutory Operating Profit Ahead Of 2016
Tuesday, 27 Feb 2018 02:10am EST 

Feb 27 (Reuters) - Devro Plc ::FINAL DIVIDEND 6.1 PENCEPER SHARE.TOTAL DIVIDEND 8.8 PENCEPER SHARE.FY ‍STATUTORY OPERATING PROFIT AHEAD OF 2016 DUE TO LOWER EXCEPTIONAL ITEMS IN 2017​.FY ‍REVENUE AT £256.9M​ VERSUS 241.1 MILLION STG YEAR AGO.FY ‍OPERATING PROFIT FLAT AT £38.1M​.‍FY PROFIT BEFORE TAX AT £26.7M VERSUS £28.9M​ YEAR AGO.  Full Article

Devro Says ‍Peter Page Will Step Down As CEO
Monday, 11 Dec 2017 02:15am EST 

Dec 11 (Reuters) - Devro Plc ::PETER PAGE HAS AGREED WITH BOARD THAT WILL STEP DOWN AS CHIEF EXECUTIVE AFTER ANNOUNCEMENT OF GROUP'S 2017 FULL YEAR RESULTS ON 27 FEB 2018​.‍RUTGER HELBING, CURRENTLY GROUP FINANCE DIRECTOR, WILL SUCCEED PETER PAGE AS CHIEF EXECUTIVE ON 28 FEBRUARY 2018​.‍SEARCH FOR RUTGER HELBING'S SUCCESSOR HAS COMMENCED AND AN ANNOUNCEMENT REGARDING THIS APPOINTMENT WILL BE MADE IN DUE COURSE​.  Full Article

Devro says full year expectations remain unchanged
Wednesday, 2 Aug 2017 02:00am EDT 

Aug 2 (Reuters) - DEVRO PLC ::INTERIM DIVIDEND 2.7 PENCEPER SHARE.HY REVENUE 125.2 MILLION POUNDS VERSUS 112.9 MILLION POUNDS YEAR AGO.HY UNDERLYING PROFIT BEFORE TAX 13.1 MILLION POUNDS VERSUS 13.7 MILLION POUNDS YEAR AGO.BOARD'S EXPECTATIONS FOR FULL YEAR REMAIN UNCHANGED.HY INTERIM DIVIDEND PER SHARE 2.7 PENCE VERSUS 2.7 PENCE YEAR AGO.HY UNDERLYING BASIC EPS 6.0 PENCE.BOARD'S EXPECTATIONS FOR FULL YEAR REMAIN UNCHANGED.  Full Article

Devro says expectations for 2017 remain unchanged
Wednesday, 26 Apr 2017 02:00am EDT 

April 26 (Reuters) - Devro Plc ::Trading for period was in line with board's expectations.Total sales volumes ahead of equivalent period last year.Board's expectations for 2017 remain unchanged.  Full Article

Devro says full-year revenue up 4.7 percent to 241.1 mln stg
Monday, 6 Mar 2017 02:00am EST 

Devro Plc : Final dividend 6.1 penceper share . Total dividend 8.8 penceper share . Fy revenue increased 4.7 pct year on year . Fy underlying profit before tax. at £28.9m . Fy profit before tax at £6.2m . "whilst volumes declined by 6.6 pct year-on-year, underlying operating profit increased due to lower input prices and exchange rate benefits" . Decline in sales volumes in 2016 was due to a series of region-specific factors. We have taken actions to ensure a return to growth in 2017 and beyond. . Overall demand remains strong and we continue to see many attractive opportunities to grow business. . Further exceptional costs of this programme are expected to be between £10-12 million over next two years .Sees capital investments of between £7-8 million, with expected benefits of between £13-16 million per annum by 2019.  Full Article

Devro sees FY underlying oper profit in line with expectations
Wednesday, 11 Jan 2017 02:00am EST 

Devro Plc : Underlying operating profit for full year 2016 is expected to be in line with board's expectations. .Improved performance in H2 in Russia, South East Asia and in particular in Q4 in China, offset lower volumes related to product issues.  Full Article

Devro sees 2017 underlying oper profit lower than previous expectations
Thursday, 10 Nov 2016 03:01am EST 

Devro Plc : Sales volume trends were broadly similar to those experienced in first half, enhanced by improvements in russia and south east asia, but impacted by further reductions in latin america . These factors have had an adverse impact on margins, offset by further benefits from lower input costs and foreign exchange . Board's full year expectations for underlying operating profit. remain unchanged . Sales volumes in 2017 are now expected to be approximately 10 pct lower than previously anticipated, which will result in an under-utilisation of available capacity . Actions are being taken to rebalance use of capacity across our global manufacturing base . Under- utilisation is expected to have a further adverse impact on margins . Has decided to accelerate and implement more extensively next stage of group's strategic development . Benefits will offset effects of lower volumes, partially in 2017 and fully in 2018 . Now expects underlying operating profit. for 2017 to be lower than previous expectations . There will be additional costs and capital expenditure associated with improvement project .These costs will be charged as exceptional items, of which approximately £3 million is expected to be incurred in final quarter of 2016.  Full Article

BRIEF-Devro Says YTD Trading In Line With Board's Expectations

* TRADING FOR PERIOD JAN. 1, 2018 TO CURRENT DATE WAS IN LINE WITH BOARD'S EXPECTATIONS