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.
Avon Protection has received NIOSH CBRN approval on its AvonAir™ modular powered air range. The Avon EZAir, MP-PAPR and CS-PAPR usher in a new era of multipurpose and adaptable respiratory protection.
Avon Rubber p.l.c. will this afternoon host a Capital Markets Event for investors and analysts in London to showcase its leading technology portfolio as well as setting out the key market drivers influencing its approach to new product development.
Avon Rubber p.l.c. is pleased to confirm that, further to the announcement that it was the preferred bidder for the above contract on 3 November 2017, Avon Protection has now entered into a 5 year contract with the UK Ministry of Defence ("MoD") for the resupply and in-service support of its General Service Respirator.
Avon Rubber p.l.c. is pleased to announce that, at its Annual General Meeting held today, all the resolutions proposed in the Notice of Meeting were duly passed.
In advance of its Annual General Meeting being held at 10.30am today, Avon Rubber p.l.c. provides the following trading update.
Avon Rubber p.l.c. is pleased to announce the receipt of an order for 47,000 M50 mask systems worth $12.6 million from the US Department of Defense ("DoD").