Devro exceeds profits expectation as it plans continued global growth

British sausage-skin maker Devro Plc posted a better than expected rise in full-year profit and said it continued to invest in new facilities, reflecting its optimism on the back of rising meat consumption in emerging markets.

Devro, which makes casings for everything from bratwurst to breakfast bangers, said global collagen consumption grew 10% in 2011.

Shares in the company fell 4%, however, as analysts pointed to a strong rally in the run-up to the results and worries over rising energy and raw materials costs.