Platform created to accelerate growth
Avon Rubber has delivered a solid set of results in a market that had several challenges, highlighting the strong position the group has created over the past eight years. With several FY17 growth tailwinds, we upgrade our FY17 PBT forecasts by 15%, while identifying further upside opportunities across both divisions. From this robust base, and with the previously announced departure of CFO Andrew Lewis, the group now moves into the next stage of development, with a further acceleration of growth the core remit of CEO Rob Rennie through both a continuation of the organic growth and a likely step-up in acquisition spend.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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