Update: Environmental awareness
Avon Rubber’s AGM trading update has reconfirmed strong cash generation, but also highlighted a less favourable Q1 environment. With Dairy markets remaining soft as identified at the full year, we are taking a more cautious view on H1 results, leading to a c 4% downgrade to EPS. As usual, the timing of receipt and delivery of impact orders in Protection & Defence will also drive H1:H2 weighting. Longer-term growth opportunities, supported by product development, market expansion and acquisitions, remain and provide substantial upside opportunity.Avon Rubber is a technology group focusing on respiratory protection systems and milking point solutions through its two businesses, Avon Protection and milkrite , InterPuls. Avon Protection is a provider in Chemical, Biological, Radiological and Nuclear respiratory protection systems for the world's Military, Law Enforcement and Fire markets. milkrite , InterPuls provides milking point solutions to customers across the world.
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