Avon Rubber - Good progress in Q120
Avon’s Q1 trading update, released to coincide with the AGM, indicates that expected positive momentum into FY20 from FY19 has continued through Q120. The news is particularly positive for milkrite | InterPuls, which had a very weak Q119. Double-digit increases in order intake in both divisions suggest H120 should see a significant improvement, notwithstanding the withdrawal from the Fire self-contained breathing apparatus (SCBA) market. The initial consolidation of the Helmets and Armor activity should also bolster performance, although there will be integration charges. We maintain our forecasts and are encouraged by the progress being displayed in the continuing activities.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.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.