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11 Oct 2010 07:00
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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.
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As a result of stronger than expected performance from the Group, the Board expects full year performance to be ahead of current market expectations.
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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.
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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.
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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.
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Avon expects to report its final results on Wednesday 24th November 2010.
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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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