(Alliance News) - Avon Rubber PLC on Thursday said it remains confident of achieving expectations for financial 2020 following continued strong order intake in both business units, Avon Protection and Milkrite Interpuls.
Avon Protection, the company's personal protection systems manufacturing business, recorded 12% rise in first-quarter order intake and expects to receive follow-on orders in the second quarter from the US Department of Defense.
The business also continues to see a strong pipeline of Rest of the World Military and First Responder opportunities.
Strong order in Military business more than offset the impact of exit from the Fire self-contained breathing apparatus market, Avon Rubber said in its annual general meeting statement.
The company's cow milking machine business Milkrite Interpuls posted 10% rise in order numbers on constant currency as improved prices together with stable volumes led to improved farmer confidence.
Wiltshire, England-based Avon Rubber expects dairy market conditions to remain positive in the near term, supporting its confidence in the prospects for Milkrite Interpuls in financial 2020.
Shares in Avon Rubber were down 1.2% at 2,416.00 pence each in London on Thursday morning.
By Tapan Panchal; tapanpanchal@alliancenews.com
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Avon Protection (AVON)