The impact of the pandemic on Avon Protection has intensified during H221. Despite a strong commercial performance management has lowered guidance significantly for FY21 and FY22 and we have reduced our estimates accordingly. The reduction comes on top of the previously announced deferrals to new ballistic protection contracts that remain on track for first delivery in FY22. We have lowered our FY21 and FY22 fully diluted adjusted EPS by 43% and 27% respectively to reflect the guidance. Manageme ....
16 Aug 2021
Avon Protection - Pandemic disruption masks commercial progress
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Avon Protection - Pandemic disruption masks commercial progress
Avon Protection PLC (AVON:LON) | 1,237 0 0.0% | Mkt Cap: 374.3m
- Published:
16 Aug 2021 -
Author:
Andy Chambers -
Pages:
4
The impact of the pandemic on Avon Protection has intensified during H221. Despite a strong commercial performance management has lowered guidance significantly for FY21 and FY22 and we have reduced our estimates accordingly. The reduction comes on top of the previously announced deferrals to new ballistic protection contracts that remain on track for first delivery in FY22. We have lowered our FY21 and FY22 fully diluted adjusted EPS by 43% and 27% respectively to reflect the guidance. Manageme ....