Avon Rubber (AVON)

Sector:

Defense and Aeronautics

Index:

FTSE 250

2,664.00p
   
  • Change Today:
    -36.00p
  • 52 Week High: 4,625.00
  • 52 Week Low: 2,660.18
  • Currency: UK Pounds
  • Shares Issued: 31.02m
  • Volume: 118,536
  • Market Cap: £826.46m
  • RiskGrade: 186

Avon Rubber backs FY expectations after strong second quarter

By Michele Maatouk

Date: Friday 09 Apr 2021

LONDON (ShareCast) - (Sharecast News) - Avon Rubber said on Friday that given its current order book and expected order intake in the second half, it remains confident of achieving its expectations for the year.
In an update for the year ending 30 September 2021, the company said trading in the second quarter remained strong, with "ongoing positive momentum" and continued strong order intake across its portfolio of life critical personal protection systems for militaries and first responders.

The respiratory equipment maker expects to report revenue of $122m for the first half, up from $87m the year before, including a first-time contribution of $20m from Team Wendy, which it bought in November 2020, during the first five months of ownership.

In the military business, revenues rose 16% year-on-year, driven by strong growth in respiratory protection. Orders received in the first half were up 30%, including $38m of initial orders under the NATO Support & Procurement Agency contract, $17m under the US Department of Defense M69 aircrew mask system contract and the recently announced $19m order under the existing US Army Integrated Head Protection System contract.

In the First Responder business, there has been continued strong demand across the entire respiratory and ballistic protection range, it said, with revenues up 19% on the year in the first half and orders received 29% higher.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Avon Rubber Market Data

Currency UK Pounds
Share Price 2,664.00p
Change Today -36.00p
% Change -1.33 %
52 Week High 4,625.00
52 Week Low 2,660.18
Volume 118,536
Shares Issued 31.02m
Market Cap £826.46m
RiskGrade 186

Avon Rubber Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
96.24% below the market average96.24% below the market average96.24% below the market average96.24% below the market average96.24% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
38.06% below the market average38.06% below the market average38.06% below the market average38.06% below the market average38.06% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Income
73.99% below the market average73.99% below the market average73.99% below the market average73.99% below the market average73.99% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
33.63% below the market average33.63% below the market average33.63% below the market average33.63% below the market average33.63% below the market average
28.57% below the sector average28.57% below the sector average28.57% below the sector average28.57% below the sector average28.57% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 1
Sell 0
Strong Sell 1
Total 5
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Avon Rubber Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Aug-21 11-Feb-21
Paid 03-Sep-21 12-Mar-21
Amount 14.30¢ 18.06p

Trades for 18-Jun-2021

Time Volume / Share Price
16:47 353 @ 2,664.00p
16:35 51,645 @ 2,664.00p
16:30 838 @ 2,670.00p
16:29 1 @ 2,678.00p
16:29 0 @ 2,678.00p

Avon Rubber Key Personnel

CEO Paul McDonald
CFO Nick Keveth
Chair Bruce Thompson

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