Devro revenues grow, FY trading seen 'slightly ahead' of internal expectations
25th Nov 2022 08:31
(Sharecast News) - Sausage-skin and food casings maker Devro has recommended a cash offer from German firm Saria that values the group at an enterprise value of £667.0m - a 65% premium to Thursday's closing share price of 192.0p
Read moreDevro sees strong 1H sales in emerging markets, pays out 2019 dividend
29th Jul 2020 13:20
(Sharecast News) - Devro saw first half sales dip as the Covid-19 pandemic dented its sales momentum, offset by a solid performance in emerging markets that led the company's board to go ahead and pay out the final dividend for 2019 on top of its reular interim payment.
Read moreDirector dealings: Devro director makes share purchase
24th Oct 2019 15:57
(Sharecast News) - Devro revealed on Thursday that non-executive director Malcolm Swift had purchased 6,258 ordinary shares in the Moddiesburn-based collagen products manufacturer.
Read moreDirector dealings: Devro's HR director makes share sale
11th Apr 2019 16:28
(Sharecast News) - Devro's human resources director Sarah Voaden offloaded 7,261 ordinary shares in the sausage casings manufacturer on Thursday.
Read moreMonday broker round-up
8th Apr 2019 08:30
(Sharecast News) - Moneysupermarket: Berenberg downgrades to sell with a target price of 285p.
Read moreDevro sees 2016 profit in line with expectations
11th Jan 2017 09:21
(ShareCast News) - Devro said on Wednesday that underlying profit for the full year 2016 is expected to be in line with the board's views. The company, which manufactures collagen products for the food industry, said overall sales volume trends in the second half were broadly similar to those experi
Read moreDevro slumps as it warns on 2017 volumes and operating profit
10th Nov 2016 10:28
(ShareCast News) - Devro slumped after it cautioned that sales volumes and underlying operating profit in 2017 will be lower than expected, mainly on the back of sales declines in Latin America. The group said in its half-year report back in August that Latin America was the region most affected by
Read moreThursday broker round-up
4th Aug 2016 11:59
(ShareCast News) - Next: Goldman Sachs reiterates sell with a target price of 4800p. Standard Chartered: JP Morgan maintains overweight with a 800p target. Shire: JP Morgan reiterates overweight with a 6300p target. Genus: HSBC stays at buy with a 2200p target. Nichols: UBS keeps at buy with a ta
Read moreDevro´s US and China investments facing delays, but 1H profit jumps
3rd Aug 2016 14:08
(ShareCast News) - Lower production costs and a favourable tailwind from movements in foreign exchange rates helped to offset falling sales volumes, especially in China, at Devro in the first six months of the year. However, markets reacted poorly to news that its new projects in the US and in Asia´
Read moreDirectors dealings: Hilton Food Group non-exec picks up some shares as stock soars
15th Apr 2016 16:14
(ShareCast News) - Christine Cross, one of three non-executive directors at Hilton Food Group picked up £29,000-worth of stock in the company on whose board she sits at a price of 580p for each share. It was her first purchase of the group's shares. The meat processor, which operates plants in the
Read moreDevro completes PVI deal
6th Oct 2015 15:42
(ShareCast News) - Collagen products manufacturer Devro has completed the acquisition of Dutch sector peer PV Industries (PVI) for €12.5m (£8.88m). The London-listed company first announced the deal on 10 July, although it indicated completion of the acquisition remained conditional to regulatory ap
Read moreDevro's CEO increases stake after surge in full-year profits
6th Aug 2015 16:28
(ShareCast News) - The chief executive of Devro raised his stake in the collagen product manufacturer one day after the company posted a raise in profits thanks to a strong hike in demand. Peter Page holds now a stake of 0.4% in the group with 672,440 shares after purchasing 10,000 new shares at 318
Read moreDevro's interim profit surges on strong demand
5th Aug 2015 10:36
(ShareCast News) - Collagen product manufacturer Devro posted a sharp increase in interim profit after reporting a strong hike in demand. In the six months to 30 June, the London-listed company saw pre-tax profit surge from £1.6m to £9.6m, as exceptional costs were slashed 62.9% year-on-year to £4m.
Read moreCollagen casing maker Devro acquires Netherland outfit
10th Jul 2015 08:09
Sausage casing maker Devro has acquired collagen expert PV Industries in a deal that could pay more than €13.5m. Devro said it would pay the Netherlands based firm about €12.5m on a debt-free basis, with a possible additional payment of up to €1m under an earn-out arrangement. Devro which makes col
Read moreNew Asos COO picks up £0.5m of shares after results bounce
21st Oct 2014 11:57
Asos'schief operating officer, Nick Beighton, who has been promoted or perhaps demoted from finance director after three profit warnings in the last seven months, increased his skin in the game with a significant share purchase on Wednesday morning after the company unveiled final results. Beighton
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