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11 Oct 2010 07:00
AVON RUBBER p.l.c.
("Avon", the "Group" or the "Company")
Year-end update
STRICTLY EMBARGOED UNTIL 07.00 MONDAY 11 OCTOBER 2010.
Avon Rubber p.l.c. the leading global supplier of respiratory protective equipment, provides a year end trading update for the year to 30 September 2010.
As a result of stronger than expected performance from the Group, the Board expects full year performance to be ahead of current market expectations.
In Dairy, the market momentum seen and outsourcing cost reductions achieved in the first half of 2010 have been maintained in the second half. This, together with a successful new Milk-Rite product launch has seen this division better its first half performance in the second half of 2010.
In Protection & Defence we have achieved full US government approval for product from our new filter line in Cadillac which doubles our production capacity for 2011.
In addition, the Board is pleased to announce that the Group has renegotiated its debt facilities with its existing bankers, extending its term for a further three years and reducing the overall cost of borrowing.
Avon expects to report its final results on Wednesday 24th November 2010.
For further enquiries, please contact:
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Avon Rubber p.l.c. |
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Peter Slabbert, Chief Executive |
01225 896831 |
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Andrew Lewis, Group Finance Director |
01225 896830 |
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Fiona Stewart, Corporate Communications Executive |
01225 896871 |
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Weber Shandwick Financial |
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Nick Oborne |
020 7067 0700 |
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Clare Thomas |
020 7067 0700 |
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