Edison Investment Research - Avon Rubber PLC (AVON) Encouraging FY17 prospects across the group

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Edison Investment Research

Roger Johnston

Encouraging FY17 prospects across the group

Avon Rubber has confirmed that despite difficult market conditions, trading in the year to September is expected to be in line with market expectations. Encouragingly, prospects for Protection & Defence remain strong and in Dairy milk prices appear to have started to recover during the final quarter. The statement should allay any concerns that major orders only originate in the Middle East, with the announcement of a $9m order for a US police department. Encouragingly negotiations are continuing with respect to the significant Middle East export potentials. The outlook for accelerating growth in 2017 appears to be increasingly underpinned.

09/09/2016 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

Roger Johnston

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Encouraging FY17 prospects across the group

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

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

Avon Technologies - Record order book driving confident outlook

Manx Financial Group - Termination of coverage

musicMagpie - Termination of coverage

Topps Tiles - Accelerating growth through Q125

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