Avon Rubber’s period-end announcement came with a kicker in terms of a strong final month performance in North American law enforcement but, more importantly, a significant late Middle East order. The result is a c 10% upgrade to our forecasts at operating profit level, highlighting the benefit of the group’s flexibility to switch between core DoD revenues and such “impact” orders at short notice. With core growth drivers intact and continued regional instability, addi
07 Oct 2015
Strong year-end performance and upgrade
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Strong year-end performance and upgrade
Avon Protection PLC (AVON:LON) | 1,081 21.6 0.2% | Mkt Cap: 327.1m
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07 Oct 2015 - Author:
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Avon Rubber’s period-end announcement came with a kicker in terms of a strong final month performance in North American law enforcement but, more importantly, a significant late Middle East order. The result is a c 10% upgrade to our forecasts at operating profit level, highlighting the benefit of the group’s flexibility to switch between core DoD revenues and such “impact” orders at short notice. With core growth drivers intact and continued regional instability, addi