Last checked at 6 Oct 2015 07:00
Strictly embargoed until 07:00 Tuesday 6th October 2015
AVON RUBBER p.l.c. ("Avon", the "Group" or the "Company")
Closing statement for the year end 30 September 2015
Avon is pleased to report that the financial year has ended strongly.
This was primarily driven by the receipt and rapid fulfillment of a late order for respirators from a customer in the Middle East. This, together with strong trading in our North American law enforcement market, leads the Board to anticipate that the adjusted operating profit for the year will be significantly ahead of current market expectations.
As reported in the 2 September 2015 trading update, a number of high value Middle Eastern opportunities remain in the pipeline and we still expect to see the benefit of these orders in 2016.
Commenting, Andrew Lewis, Interim Chief Executive Officer said, "We have world leading respiratory protection products and, while predicting the timing of orders is often difficult, the ability to meet this customer's requirement demonstrates our operational flexibility and the dedication of the team to exceed our customers' expectations."
Preliminary results for the year ended 30 September 2015 will be announced on 18 November 2015.
For further enquiries, please contact:
Avon Rubber p.l.c. | |
Andrew Lewis, Interim Chief Executive Officer | 01225 896830 |
Sarah Matthews-DeMers, Associate Group Finance Director | 01225 896835 |
Weber Shandwick Financial | |
Nick Oborne | 020 7067 0700 |
Note to editors: The Group has transformed itself over the past five years into an innovative design and engineering group specialising in two core markets, Protection & Defence and Dairy. With a strong emphasis on research and development we design, test and manufacture specialist products from a number of sites in the US and UK, serving markets around the world. We achieve this through nurturing the talent and aspirations of our employees to realise their highest potential.
Avon Protection is the recognised global market leader in advanced Chemical, Biological, Radiological and Nuclear (CBRN) respiratory protection systems technology for the world's military, homeland security, first responder, fire and industrial markets. With an unrivalled pedigree in mask design dating back to the 1920's, Avon Protection's advanced products are the first choice for Personal Protective Equipment (PPE) users worldwide and are placed at the heart of many international defence and tactical PPE deployment strategies. Our expanding global customer base now includes military forces, civil and first line defence troops, emergency service teams and industrial, marine, mineral and oil extraction site personnel. All put their trust in Avon's advanced respiratory solutions to shield them from every possible threat.
Our world-leading Dairy business and its Milkrite brand have a global market presence. With a long history of manufacturing liners and tubing for the dairy industry, Milkrite has become the leading innovator and designer for products and services right at the heart of milking. Our goal is always to improve and maintain animal health. Working with the leading scientists and health specialists in the global dairy industry we continue to invest in technology to further improve the milking process and animal welfare. Our products provide exceptional results for both the animal and the milker, making the milk extraction process run smoothly. As our market share and milking experience continue to grow, so does our global presence.
For further information please visit the Group's website www.avon-rubber.com