The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAvon Protection Share News (AVON)

Share Price Information for Avon Protection (AVON)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1,220.00
Bid: 1,208.00
Ask: 1,218.00
Change: 20.00 (1.67%)
Spread: 10.00 (0.828%)
Open: 1,200.00
High: 1,226.00
Low: 1,194.00
Prev. Close: 1,200.00
AVON Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Avon Rubber Performs In Line With Expectations In Second Half Of Year

Mon, 16th Sep 2019 10:45

(Alliance News) - Avon Rubber PLC said Monday its has continued to trade in line with expectations in the second half of its financial year.

As a result, the company - which makes gas masks and cow milking equipment - expects to achieve its expectations for adjusted pretax profit and revenue in the year to the end of September.

Revenue is expected to rise by 4%, both on a constant currency basis and at current exchange rates from GBP165.5 million the year before.

Avon said its Avon Protection division enjoyed a strong year, driven by the performance of the Military unit, with the planned initial deliveries of an aircrew mask and and a mask and powered air system to the US Department of Defense completed.

The Law Enforcement unit's performance was stronger in the second half; however delays caused by the US government shutdown in the first half of the year will result in a year-on-year revenue decline from GBP34.5 million the prior year.

The Fire unit's second half was hurt by continued delays in the National Fire Protection Association's industry-wide approval process for the new safety standard, preventing the launch of Avon's upgraded Magnum self-contained breathing apparatus.

Meanwhile, Avon's Milkrite Interpuls segment experienced better trading conditions as the global dairy market improved from the second quarter onwards, leading to revenue growth across all business lines.

Looking ahead, Avon Rubber's acquisition of 3M Co's ballistic protection business is continuing, with the completion of US antitrust clearance. The company expects the deal to be completed in the first half of its 2020 financial year.

"We are on track to deliver a strong set of results in what has been a transformational year for Avon Rubber. The US DOD contract awards, totalling USD340 million, for the M53A1 and M69 mask systems and the acquisition of 3M's Ballistic Protection business have significantly strengthened our medium-term outlook. This leaves us well positioned to deliver further growth, both organic and M&A, in 2020 and beyond," said Chief Executive Officer Paul McDonald.

Avon Rubber will publish its annual results on November 13.

Shares in Avon Rubber were up 1.2% at 1,698.00 pence on Monday.

More News
15 Dec 2021 12:55

Avon Protection shares tumble on body armour business closure plan

Avon Protection shares tumble on body armour business closure plan

Read more
15 Dec 2021 10:51

SMALL-CAP WINNERS & LOSERS: Pod Point up; Avon Protection's armour hit

SMALL-CAP WINNERS & LOSERS: Pod Point up; Avon Protection's armour hit

Read more
15 Dec 2021 08:54

LONDON MARKET OPEN: FTSE 100 underperforms peers after hot UK CPI

LONDON MARKET OPEN: FTSE 100 underperforms peers after hot UK CPI

Read more
15 Dec 2021 08:46

Avon Protection profits plunge as it pivots from troubled armour business

(Sharecast News) - Avon Protection reported a 42.9% fall in adjusted operating profit in its final results on Wednesday, to $22m.

Read more
8 Dec 2021 15:12

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

Read more
16 Nov 2021 16:09

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

Read more
15 Nov 2021 12:04

LONDON MARKET MIDDAY: Caution sets in ahead of UK inflation, jobs data

LONDON MARKET MIDDAY: Caution sets in ahead of UK inflation, jobs data

Read more
15 Nov 2021 11:08

SMALL-CAP WINNERS & LOSERS: Avon Protection rebounds after sell-off

SMALL-CAP WINNERS & LOSERS: Avon Protection rebounds after sell-off

Read more
12 Nov 2021 16:55

LONDON MARKET CLOSE: Muted end to US inflation-dominated week

LONDON MARKET CLOSE: Muted end to US inflation-dominated week

Read more
12 Nov 2021 12:12

Avon Protection opens body armour unit review after contract delays

Avon Protection opens body armour unit review after contract delays

Read more
12 Nov 2021 12:07

LONDON MARKET MIDDAY: Stocks lack direction amid profit-taking

LONDON MARKET MIDDAY: Stocks lack direction amid profit-taking

Read more
12 Nov 2021 10:54

SMALL-CAP WINNERS & LOSERS: Avon Protection plates face approval delay

SMALL-CAP WINNERS & LOSERS: Avon Protection plates face approval delay

Read more
12 Nov 2021 09:04

LONDON MARKET OPEN: Astra drags on FTSE 100; pound recovers a bit

LONDON MARKET OPEN: Astra drags on FTSE 100; pound recovers a bit

Read more
13 Oct 2021 11:15

SMALL-CAP WINNERS & LOSERS: Drilling firm Capital has record quarter

SMALL-CAP WINNERS & LOSERS: Drilling firm Capital has record quarter

Read more
13 Oct 2021 10:56

TOP NEWS: Avon Protection lowers margin guidance despite revenue rise

TOP NEWS: Avon Protection lowers margin guidance despite revenue rise

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.