Avon delivered FY19 modestly ahead of market expectations, as foreshadowed in the September trading update. New US mask systems contracts drove healthy organic growth for Avon Protection and, while milkrite | InterPuls sales were essentially flat, a progressive recovery in dairy markets allowed it to make up the shortfall experienced in Q119. Both divisions are expected to carry the positive momentum into FY20, with margins expected to improve in both divisions. The proposed record acquisitio
20 Nov 2019
Avon Rubber - Transformational year builds momentum
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Avon Rubber - Transformational year builds momentum
Avon Protection PLC (AVON:LON) | 1,209 -411.1 (-2.8%) | Mkt Cap: 365.8m
- Published:
20 Nov 2019 -
Author:
Andy Chambers -
Pages:
8
Avon delivered FY19 modestly ahead of market expectations, as foreshadowed in the September trading update. New US mask systems contracts drove healthy organic growth for Avon Protection and, while milkrite | InterPuls sales were essentially flat, a progressive recovery in dairy markets allowed it to make up the shortfall experienced in Q119. Both divisions are expected to carry the positive momentum into FY20, with margins expected to improve in both divisions. The proposed record acquisitio