Devro
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Preliminary Results For The Year Ended 31st December 2004

Results 2004 2003 % Change
Total sales £149.0m £146.1m 2.0%
Operating profit £21.4m £21.1m 1.4%
Pre-tax profit £18.6m £18.0m 3.2%
Earnings per share 8.3p 7.9p 5.1%
Dividend per share 4.0p 3.5p 14.3%
Net debt (at 31 December) £25.4m £26.7m -

Pat Barrett, Chairman of Devro, commented:

"Devro has achieved another year of significant growth in the market, capitalising on the fundamental strengths of our business. The breadth of our product range, our geographic reach and our technological expertise have each contributed significantly to improved trading worldwide.

"We continue to see solid growth opportunities for Devro. We envisage this growth to be largely organic, resulting from further market expansion, particularly in Asia and Eastern Europe, and from additional products which extend our range. Following the strong end to trading in 2004, 2005 has started positively and the Board is looking at the future prospects for the business with confidence."

 

Enquiries:

Graeme Alexander Chief Executive 020 7404 5959 on 02.03.05
John Neilson Finance Director 01236 879191 thereafter
Jon Coles
Mark Antelme
Brunswick 020 7404 5959