Devro increases 2012 full year dividend by 6.3%

DividendMax Ltd.

Devro increases 2012 full year dividend by 6.3%

Financial highlights (continuing operations)

2012  Unaudited

2011

 

Revenue

£241.1m

£227.7m

+5.9%

Operating profit

£43.2m

£42.7m

+1.3%

Cash generated from operations

£48.1m

£45.1m

+6.7%

Profit before tax excluding pension interest

£42.2m

£41.9m

+0.8%

Basic earnings per share excluding pension interest

20.7p

20.2p

+2.2%

Total dividend per share

8.5p

8.0p

+6.3%

Operational highlights

On a constant currency* basis revenue grew by 8.1% (compared with reported revenue growth of 5.9%)

Continued strong sales growth in Japan, Europe and the Americas

Select sales grew to 8.4% of total revenue (up from 4.3% in 2011)

On a constant currency* basis operating profit grew by 5.2% (compared with reported operating

profit growth of 1.3%)

Significant ongoing capital investment programme to deliver further capacity increase in 2013/2014

Cash generation remains strong

Companies mentioned