I am pleased to report another successful year, delivering strong growth whilst further building the order book to provide excellent visibility into 2019.
The Board is pleased to report that trading in the second half has continued to be strong and it expects 2018 full year adjusted profit before tax to be in line with its expectations.
Avon Rubber p.l.c. is pleased to announce the receipt of an order for 93,000 M50 mask systems worth $25.0 million from the US Department of Defense (“DoD”).
We have delivered strong financial results, with underlying performance more than offsetting currency headwinds, whilst continuing to build the order book. We have also made further progress on the longer-term growth opportunities for our expanding product portfolio.
Avon Rubber p.l.c. ("Avon Rubber" or the "Group") announces that it has completed the disposal of Avon Engineered Fabrications, Inc. ("AEF"), its US based hovercraft skirt and bulk liquid storage tank business, to Performance Inflatables Co., LLC, a Pinewell Capital portfolio company, for a cash consideration of $9.25 million on a cash and debt free basis subject to a customary working capital adjustment.