02 Feb 2017
N+1 Singer - Avon Rubber - Q1 in line with expectations
Avon Rubber has provided a reassuring AGM update confirming that Q1 trading is in line with expectations. Both of its businesses are performing well, with positive progress across their portfolios of products and services. The group has also had a strong Q1 in terms of cash generation, with net cash increasing from £2.0m to £11.1m over the period. We do not anticipate making any changes to our forecasts or target price at this stage.
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
N+1 Singer - Avon Rubber - Q1 in line with expectations
Avon Protection PLC (AVON:LON) | 1,082 0 0.0% | Mkt Cap: 327.4m
- Published:
02 Feb 2017 -
Author:
Jo Reedman -
Pages:
3
Avon Rubber has provided a reassuring AGM update confirming that Q1 trading is in line with expectations. Both of its businesses are performing well, with positive progress across their portfolios of products and services. The group has also had a strong Q1 in terms of cash generation, with net cash increasing from £2.0m to £11.1m over the period. We do not anticipate making any changes to our forecasts or target price at this stage.