Avon Rubber has given a reassuring year end trading update guiding to FY16 PBT in line with market expectations. This was achieved despite soft conditions in Dairy and an absence of export orders for military masks in the year, but was helped by a recent large $9m order for the group’s newly approved escape hood product for a major US city police department. Export opportunities for Avon’s military masks remain live and are now expected to benefit FY17. Meanwhile prospects for Dairy appear to be ....
09 Sep 2016
N+1 Singer - Avon Rubber - Reassuring year end trading update; potentially strong year in prospect
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 - Reassuring year end trading update; potentially strong year in prospect
Avon Protection PLC (AVON:LON) | 1,237 519.5 3.5% | Mkt Cap: 374.3m
- Published:
09 Sep 2016 -
Author:
Jo Reedman -
Pages:
3
Avon Rubber has given a reassuring year end trading update guiding to FY16 PBT in line with market expectations. This was achieved despite soft conditions in Dairy and an absence of export orders for military masks in the year, but was helped by a recent large $9m order for the group’s newly approved escape hood product for a major US city police department. Export opportunities for Avon’s military masks remain live and are now expected to benefit FY17. Meanwhile prospects for Dairy appear to be ....