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Devro Plc

Current Price 182.40p Bid 181.80p Ask 183.40p Change -1.41%
Last Updated: 03/07/2022 00:24. Prices delayed by at least 15 minutes.
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Company Overview

Devro is one of the world's leading suppliers of collagen casings for food, used by customers in the production of a wide variety of sausages and other meat products. Collagen is a naturally occurring polymer which is transformed into gel, tubular casing and film at Devro's manufacturing sites in the USA, the Netherlands, the UK, China, Czech Republic and Australia.

Financial Highlights Year Ended 31/12/2021

Revenue
£252.40m
Operating Profit/Loss
£42.70m
Dividend yield (%)
4.50
Total dividend for year
n/ap
Dividend cover
1.95
P/E Ratio
11.30

Key Personnel

Mr Rohan Cummings
CFO & Executive Director
Mr Rutger Helbing
Chief Executive Officer
Mr Rikke Mikkelsen
Independent Non-Executive Director
Ms Lesley Jackson
Independent Non-Executive Director
Mr Steve Good
Non-Executive Chairman
Mr Jeremy Burks
Non-Executive Director
Mr Malcolm Swift
Non-Executive Director

Stock Details

EPIC
DVOL
ISIN
GB0002670437
Shares in Issue
166.93m
Market cap
£304.48m

Analyst Views (2)

Strong Buy
 
0%
Buy
 
100.00%
Hold
 
0%
Sell
 
0%
Strong Sell
 
0%
This information is provided by Web Financial Group (UK) Limited. It is subject to change without notice and doesn't reflect the views held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
182.40p
Bid Price
181.80p
Ask Price
183.40p
Volume
31,599
Change Today
-2.60p
% Change Today
-1.41%
Open
185.60p
Previous Close
182.40p
Intraday High
185.60p
Intraday Low
181.80p
52 Week High
228.50p
52 Week Low
176.60p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

News

Income Statement

Year End Date
31 Dec 2021
31 Dec 2020
 
£ (M)
£ (M)
Continuing Operations
Revenue
252.40
247.60
Operating Profit/Loss
42.70
36.20
Net Interest
-5.10
-6.80
Pre-Tax Profit
37.60
29.40
Profit After Tax from continuing operations
31.10
23.10
Discontinued Operations
Profit After Tax
n/a
n/a
Profit/Loss for the Year
31.10
23.10
Attributable to:
Equity Holders of Parent Company
31.10
23.10
Minority Interests
n/a
n/a
Total Dividend Paid
n/ap
n/ap
Retained Profit/(Loss) for the Financial Year
n/a
n/a

Earnings per Share

Year End Date
31 Dec 2021
31 Dec 2020
Basic
18.60p
13.80p
Diluted
18.40p
13.70p
Adjusted
18.10p
15.80p
Dividend per Share
n/ap
n/ap

Assets

Year End Date
31 Dec 2021
31 Dec 2020
 
£ (M)
£ (M)
Non-Current Assets
Property, Plant & Equipment
201.70
209.20
Intangible Assets
8.90
10.20
Investment Properties
n/a
n/a
Investments
n/a
n/a
Other Financial Assets
n/a
n/a
Other Non-Current Assets
29.10
29.00
Current Assets
Inventories
33.90
37.80
Trade & Other Receivables
38.00
29.70
Cash at Bank & In Hand
23.50
23.70
Current Asset Investments
n/a
n/a
Other Current Assets
1.70
5.70
Other Assets
n/a
n/a
Total Assets
336.80
345.30

Liabilities

Year End Date
31 Dec 2021
31 Dec 2020
 
£ (M)
£ (M)
Current Liabilities
Borrowings
2.20
20.80
Other Current Liabilities
39.60
36.30
Total Current Liabilities
41.80
57.10
Non-Current Liabilities
Borrowings
111.00
112.90
Provisions
19.60
17.80
Other Non-Current Liabilities
39.20
58.50
Total Non-Current Liabilities
169.80
189.20
Other Liabilities
n/a
n/a
Total Liabilities
211.60
246.30

Net Assets

Year End Date
31 Dec 2021
31 Dec 2020
 
£ (M)
£ (M)
Net Assets
125.20
99.00

Capital & Reserves

Year End Date
31 Dec 2021
31 Dec 2020
 
£ (M)
£ (M)
Share Capital
16.70
16.70
Share Premium Account
9.30
9.30
Other Reserves
77.40
80.10
Retained Earnings
21.80
-7.10
Shareholders Funds
125.20
99.00
Minority Interests/Other Equity
n/a
n/a
Total Equity
125.20
99.00

Dividend History

Type
Ex-Dividend Date
Payment Date
Payment
Final
09 Jun 2022
22 Jul 2022
6.50p
Interim
02 Dec 2021
14 Jan 2022
2.80p
Final
19 Aug 2021
01 Oct 2021
6.30p
Final
10 Jun 2021
20 Jul 2021
6.30p
Interim
03 Dec 2020
15 Jan 2021
2.70p
2nd Interim
20 Aug 2020
02 Oct 2020
6.30p
Interim
22 Aug 2019
04 Oct 2019
2.70p
Final
28 Mar 2019
10 May 2019
6.30p
Interim
23 Aug 2018
05 Oct 2018
2.70p
Final
29 Mar 2018
11 May 2018
6.10p
Interim
24 Aug 2017
06 Oct 2017
2.70p
Final
30 Mar 2017
12 May 2017
6.10p
Interim
25 Aug 2016
07 Oct 2016
2.70p
Final
28 Mar 2016
13 May 2016
6.10p
Interim
27 Aug 2015
02 Oct 2015
2.70p

Dividend Metrics

Year End Date
31 Dec 2021
31 Dec 2020
Dividend growth
-39.22%
466.67%
Dividend yield
4.50%
9.80%
Dividend cover
1.95
1.03


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