|
Results (Continuing operations*) |
2007 |
2006
|
|
Revenue |
£156.3m |
£152.8m |
|
Operating profit before exceptional items |
£18.3m |
£20.0m |
|
Exceptional items |
£0.7m |
£(1.0)m |
|
Profit before tax |
£16.2m |
£16.9m |
|
Earnings per share |
7.4p |
7.7p |
|
Earnings per share before exceptional items |
7.2p |
8.1p |
|
Dividend per share |
4.45p |
4.45p |
|
Net debt |
£27.3m |
£27.0m |
* On 28 December 2007, BioFilm Limited, a subsidiary specialising in the manufacture and sale of thin films, was sold to Tate & Lyle Ventures LP and Scottish Enterprise's Scottish Venture Fund.
Pat Barrett, Chairman of Devro, commented:
“After a number of challenges in the first half of 2007, Devro finished the year strongly with significant progress made in the second half, particularly in the final quarter.
“Peter Page, our new Chief Executive, along with a revitalised management team, has identified a number of exciting areas for growth and performance improvement which will be focused on enhancing shareholder value. Our new management team is committed to increasing revenues and improving margins. They will focus on innovative product development and strengthening our commercial resources and activities, while pursuing a range of specific growth opportunities for both new and existing products.
“The year has started well, with good demand in most of our markets.”
Enquiries:
|
Peter Page |
Chief Executive 0207 404 5959 on 5 March 2008 |
|
|
John Neilson |
Finance Director 01236 879191 thereafter |
|
|
Anita Scott / Mark Antelme |
020 7404 5959 |