Avon’s interims showed a resilient performance in the face of significant trading headwinds, with revenues and adjusted PBT both up 5% to £66.3m and £8.8m respectively. The results benefitted from the acquisitions of InterPuls and Argus and also an FX tailwind, but these factors were largely offset by weaker trading in AEF and Dairy. The highlight of the results was the very strong cash generation, with net debt falling from £13.2m at the year end to £8.4m, despi
