19 Nov 2021
Avon Protection - Sentiment needs restoring to access value
The reaction to the latest product approval delays and the strategic review in the body armour business appears to more than discount the likely financial impact and does not reflect solid progress in the core of the group involved in respirators and helmets. While the full ramifications of the delays and the strategic review are yet to be quantified by management, we assume a $40m reduction in FY22e revenue, affecting our FY22e EPS by 19%. We anticipate a strong recovery in FY23 EPS due to loss ....
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Avon Protection - Sentiment needs restoring to access value
Avon Protection PLC (AVON:LON) | 1,082 0 0.0% | Mkt Cap: 327.4m
- Published:
19 Nov 2021 -
Author:
Andy Chambers -
Pages:
4
The reaction to the latest product approval delays and the strategic review in the body armour business appears to more than discount the likely financial impact and does not reflect solid progress in the core of the group involved in respirators and helmets. While the full ramifications of the delays and the strategic review are yet to be quantified by management, we assume a $40m reduction in FY22e revenue, affecting our FY22e EPS by 19%. We anticipate a strong recovery in FY23 EPS due to loss ....