
09 Sep 2016
N+1 Singer - Avon Rubber - Reassuring year end trading update; potentially strong year in prospect
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 ....

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N+1 Singer - Avon Rubber - Reassuring year end trading update; potentially strong year in prospect
Avon Technologies PLC (AVON:LON) | 2,002 320.4 0.8% | Mkt Cap: 605.9m
- Published:
09 Sep 2016 -
Author:
Singer CM Team -
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 ....