Avon’s interims showed a resilient performance in the face of significant trading headwinds, with revenues and adjusted PBT both up 5% to £66.3m and £8.8m respectively. The results benefitted from the acquisitions of InterPuls and Argus and also an FX tailwind, but these factors were largely offset by weaker trading in AEF and Dairy. The highlight of the results was the very strong cash generation, with net debt falling from £13.2m at the year end to £8.4m, despi
04 May 2016
Research Comment
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Research Comment
Avon Protection PLC (AVON:LON) | 1,200 24 0.2% | Mkt Cap: 363.1m
- Published:
04 May 2016 -
Author:
Chris Thomas -
Pages:
3
Avon’s interims showed a resilient performance in the face of significant trading headwinds, with revenues and adjusted PBT both up 5% to £66.3m and £8.8m respectively. The results benefitted from the acquisitions of InterPuls and Argus and also an FX tailwind, but these factors were largely offset by weaker trading in AEF and Dairy. The highlight of the results was the very strong cash generation, with net debt falling from £13.2m at the year end to £8.4m, despi