Avon Rubber’s AGM trading update has reconfirmed strong cash generation, but also highlighted a less favourable Q1 environment. With Dairy markets remaining soft as identified at the full year, we are taking a more cautious view on H1 results, leading to a c 4% downgrade to EPS. As usual, the timing of receipt and delivery of impact orders in Protection & Defence will also drive H1:H2 weighting. Longer-term growth opportunities, supported by product development, market expansion and
27 Jan 2016
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Avon Protection PLC (AVON:LON) | 1,213 0 0.0% | Mkt Cap: 367.0m
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27 Jan 2016 - Author:
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Avon Rubber’s AGM trading update has reconfirmed strong cash generation, but also highlighted a less favourable Q1 environment. With Dairy markets remaining soft as identified at the full year, we are taking a more cautious view on H1 results, leading to a c 4% downgrade to EPS. As usual, the timing of receipt and delivery of impact orders in Protection & Defence will also drive H1:H2 weighting. Longer-term growth opportunities, supported by product development, market expansion and