Edison Investment Research - Avon Rubber PLC (AVON) Avon Rubber - Multi-year mask system agreement for NATO

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Edison Investment Research

Toby Thorrington

Avon Rubber - Multi-year mask system agreement for NATO

Avon has announced a 10-year framework contract award from the NATO Support & Programme Agency (NSPA) for FM50 mask systems. It is a further encouraging development for Avon Protection, which will form the core of the group when the dairy disposal completes. The order secures long-term supply to NATO forces for the first time and supports the anticipated Military mask systems order intake from the Rest of the World. Avon currently trades on an FY21e P/E of 27.3x.

19/08/2020 2 EN

Underlying

Avon Rubber PLC

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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GB0000667013 London Stock Exchange United Kingdom

Provider

Edison Investment Research

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.

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Analysts

Toby Thorrington

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Avon Rubber - Multi-year mask system agreement for NATO

Avon Technologies (AVON LN) - Strong delivery but priced-in - HOLD

Avon Technologies (AVON LN) - Defence as a haven asset!? - HOLD

Avon Technologies (AVON LN ) - Good progress but valuation full - HOLD

Manx Financial Group - Termination of coverage

musicMagpie - Termination of coverage

Topps Tiles - Accelerating growth through Q125

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