QuickView: Getting ready
Devro’s transformation programme is almost complete and by the end of 2016 it will have an upgraded and more efficient production footprint. Once the group is operating at lower cost and with a product portfolio better aligned with market opportunities, there is the potential for material savings and further revenue growth in the medium term. While 2016 is likely to be another year of transition, we would expect PBT to make progress, and we believe the restructuring and reinvestment will start to contribute more materially to the bottom line.Devro is a manufacturers of collagen products for the food industry. Co.'s collagen casings are used to manufacture a variety of sausages. Co. sells collagen products directly to food manufacturers and, in some markets, local distributors. Co. has three operating segments: Americas, which includes North America and Latin America; Asia-Pacific, which includes Australia, New Zealand, Japan, China and the rest of South East Asia; and Europe, which includes Continental Europe, U.K., Ireland and Africa.
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