06 Oct 2015
Strong end to the year to drive forecast upgrade
Avon Rubber has given a year end trading update guiding to adjusted operating profit significantly ahead of market expectations. This has been driven by a respirator order for the Middle East received and shipped late in the year, along with strong orders from North American law enforcement, again received and shipped just before the year end. We anticipate increasing our FY15 adjusted operating profit estimates by c.10% to c.£20.0m. We do not expect to change our FY16 forecasts at this stage, a ....
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Strong end to the year to drive forecast upgrade
Avon Protection PLC (AVON:LON) | 1,082 64.9 0.6% | Mkt Cap: 327.4m
- Published:
06 Oct 2015 -
Author:
Jo Reedman -
Pages:
3
Avon Rubber has given a year end trading update guiding to adjusted operating profit significantly ahead of market expectations. This has been driven by a respirator order for the Middle East received and shipped late in the year, along with strong orders from North American law enforcement, again received and shipped just before the year end. We anticipate increasing our FY15 adjusted operating profit estimates by c.10% to c.£20.0m. We do not expect to change our FY16 forecasts at this stage, a ....