|
Financial highlights
|
2013 Unaudited |
2012 Restated* |
|
|
· Revenue |
£242.7m |
£241.1m |
+1% |
|
· EBITDA before exceptional items |
£60.6m |
£58.4m |
+4% |
|
· Operating profit before exceptional items |
£42.1m |
£42.4m |
-1% |
|
· Cash generated from operations before exceptional items |
£43.8m |
£48.1m |
-9% |
|
· Basic earnings per share before exceptional items |
20.8p |
19.4p |
+7% |
|
· Total dividend per share |
8.8p |
8.5p |
+4% |
Strategic highlights
|
· Plans for investment in China announced today · Completion of the Czech plant expansion programme · Investment plans in the USA progressing
|
Operational highlights
|
· Earnings per share continues to grow · Strong sales growth in many emerging markets, Germany and Japan, offset by slower sales in some developed markets · Operating profits before exceptional items maintained
|
|
|
Other statutory financial highlights |
|
|
· Profit before tax of £37.5m (2012: £39.3m) |
|
|
· Profit after tax of £33.6m (2012: £32.0m) |
|
|
· Basic earnings per share of 20.1p (2012: 19.4p)
|
|
Steve Hannam, Chairman of Devro, commented
"Devro made considerable progress in 2013, despite a more difficult trading background, as we completed the upgrade at our world-class facility in the Czech Republic and established the programme of investment at our plant in the USA. In addition, today we are pleased to announce plans to invest £50m to build a manufacturing plant in China. These key investments will ensure Devro is in a strong position to benefit from the significant opportunities in the growing global casings market, and the increase in the dividend reflects the board's confidence in the group's strategy and its future prospects."
