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Avon Rbr. Regulatory News (AVON)



Regulatory News for Avon Rbr. (AVON)


Share Price: 479.00Bid: 470.50Ask: 479.00Change: 9.00 (+1.91%)Riser - Avon Rbr.
Spread: 8.50Spread as %: 1.81%Open: 470.25High: 480.00Low: 463.43Yesterday’s Close: 470.00





Full Year Trading Update

Mon, 10th Oct 2011 07:00

RNS Number : 8394P
Avon Rubber PLC
10 October 2011
 

Strictly embargoed until 07:00 Monday 10 October 2011

AVON RUBBER p.l.c. ("Avon", the "Group" or the "Company")

Full-year trading update for 2011

Avon is pleased to report that the financial year which ended on 30 September 2011 concluded strongly in both divisions. As a result the Board expects the Group's Profit before Taxation figure to be towards the upper end of current market expectations.

In Protection & Defence, the initial delivery order against the 3 year US Department of Defense IDIQ contract for filters announced on 8 August 2011 was completed on schedule while higher margin non-DoD sales remain on a positive trend in both the North American Homeland Security and EMEA markets.

In Dairy, the progress seen earlier in the year continued into the final quarter, with the new Impulse Mouthpiece Vented Liner making further market share gains.

Net debt at year end was £11.9m, lower than current market expectations as a result of the accelerated collection of certain receivables.

Preliminary results will be announced on 23 November 2011.

 

Chief Executive Peter Slabbert commented, "We are pleased to see our industry leading technologies delivering higher margin returns as we strengthen our position in global markets. The uncertain economic climate will present challenges in the coming year but I am confident that both sides of Avon's business are well positioned to make further progress in 2012."

For further enquiries, please contact:

Avon Rubber p.l.c.


Peter Slabbert, Chief Executive

01225 896831

Andrew Lewis, Group Finance Director

01225 896830

Fiona Stewart, Corporate Communications

01225 896871

Weber Shandwick Financial


Nick Oborne

020 7067 0700

Stephanie Badjonat

020 7067 0700



 

NOTES TO EDITORS: Avon Rubber p.l.c. is a world leader in the design, test and manufacture of advanced Chemical, Biological, Radiological and Nuclear (CBRN) respiratory protection solutions to the worlds military, law enforcement, first responder,

emergency services, fire and industrial markets. Avon has a unique capability in CBRN protection based on a range of advanced

CBRN technologies in respirator design, filtration and compressed air breathing apparatus. This enables Avon to develop specialised

solutions that take full account of user requirements. Avon also owns a world leading dairy business manufacturing liners and

tubing for the automated milking process. For further information please visit the Group's website www.avon-rubber.com


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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Related Shares: Avon Rubber (AVON).




DateSourceHeadlineCategory
10-May-13 09:00RNSDirector/PDMR Shareholding - ReplacementDirectors' Dealings
08-May-13 08:50RNSDirector/PDMR ShareholdingDirectors' Dealings
01-May-13 07:00RNSHalf Yearly ReportResults and Trading Reports
26-Apr-13 07:00RNSAcquisitionMergers, Acquisitions and Disposals
05-Apr-13 16:12RNSDirector/PDMR ShareholdingDirectors' Dealings
06-Mar-13 14:30RNSDirector/PDMR ShareholdingDirectors' Dealings
07-Feb-13 15:50RNSResult of AGM and Retirement of DirectorCompany Announcement - General
07-Feb-13 07:00RNSInterim Management StatementResults and Trading Reports
05-Feb-13 16:23RNSDirector/PDMR ShareholdingDirectors' Dealings
05-Feb-13 09:26RNSHolding(s) in CompanyHolding(s) in Company
08-Jan-13 12:41RNSDirector/PDMR ShareholdingDirectors' Dealings
18-Dec-12 10:07RNSAnnual Financial ReportResults and Trading Reports
06-Dec-12 10:28RNSDirector/PDMR ShareholdingDirectors' Dealings
05-Dec-12 15:30RNSDirectors and PDMRs Interest in SharesDirectors' Dealings
05-Dec-12 15:30RNSEmployee Share PlansCompany Announcement - General
21-Nov-12 07:01RNSDirectorate ChangeExecutive Changes
21-Nov-12 07:00RNSFinal ResultsResults and Trading Reports
06-Nov-12 16:09RNSDirector/PDMR ShareholdingDirectors' Dealings
11-Oct-12 07:00RNSFull Year Trading UpdateCompany Announcement - General
08-Oct-12 12:28RNSDirector/PDMR ShareholdingDirectors' Dealings
25-Sep-12 13:38RNSHolding(s) in CompanyHolding(s) in Company
10-Sep-12 14:31RNSDirector/PDMR ShareholdingDirectors' Dealings
08-Aug-12 07:00RNSInterim Management StatementCompany Announcement - General
06-Aug-12 14:16RNSDirector/PDMR ShareholdingCompany Announcement - General
26-Jul-12 09:30RNSDirector/PDMR ShareholdingDirectors' Dealings
06-Jul-12 10:58RNSDirector/PDMR ShareholdingDirectors' Dealings
03-Jul-12 11:58RNSHolding(s) in CompanyHolding(s) in Company
02-May-12 07:00RNSMajor Export Order WinCompany Announcement - General
02-May-12 07:00RNSHalf Yearly ReportResults and Trading Reports
26-Apr-12 10:00RNSHolding(s) in CompanyHolding(s) in Company


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