DEVRO PLC 
By
For immediate release 22 October 2012
Devro plc, one of the world's leading manufacturers of
collagen products for the food industry, today provides an
Interim Management Statement in respect of the period from
1
July 2012 to date.
Sales volumes have continued to grow across a wide range of
markets, notably in Japan, Europe and the Americas, with
sales of the premium Select range continuing the momentum of
the first half. Overall market demand remains strong both in
established and emerging markets.
In common with many input costs to the food industry, raw
material prices have continued to rise and this trend is
expected into next year.
As a result of the combination of adverse currency movements,
continuing increases in raw material costs and extended plant
commissioning periods, overall full year operating profits
are expected to be slightly below our original expectations
but ahead of last year.
The 2012 capital programme involves the investment of
approximately £35 million to increase capacity and enhance
productivity in 2013 and 2014. New lines are now running
successfully in Scotland, Australia, USA and Czech Republic.
Further capacity is on track for completion in 2013.
With new capacity in production and a full order book, the
Group is looking at a strong end to the year and the Board
remains confident in the continuing growth of the
business.
Peter Page CEO commented
"Our business is well positioned for the future, with good
demand from a global customer base, an experienced management
team, and a proven product portfolio."
Devro plc
Peter Page, Chief Executive
Simon Webb, Group Finance Director Tel No: 0207 182 4960
Buchanan
Diane Stewart/ Carrie Clement/
Charles Ryland Tel No: 020 7466 5000/0131 226 6150
Further information on Devro can be found on the company's
website: www.devro.com
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