Avon Protection (AVON)

Sector:

Defense and Aeronautics

Index:

FTSE 250

2,692.00p
   
  • Change Today:
      44.00p
  • 52 Week High: 4,625.00
  • 52 Week Low: 2,424.00
  • Currency: UK Pounds
  • Shares Issued: 31.02m
  • Volume: 402,521
  • Market Cap: £835.15m
  • RiskGrade: 186

Avon Rubber interim profits grow, proposes name change

By Iain Gilbert

Date: Tuesday 25 May 2021

LONDON (ShareCast) - (Sharecast News) - Manufacturing company Avon Rubber said on Tuesday that it had experienced a strong start to the trading year, with both revenues and pre-tax profits rising in the six months ended 31 March.
Avon Rubber posted a 41% jump in revenues to $122.0m, while adjusted pre-tax profits rose 23.1% to $16.0m during the half.

The FTSE 250-listed firm also pointed to strong order intake during the period, up 46.5% year-on-year, with military orders up 31.3%, first responder orders up 28.3% and a first-time contribution of $18.4m from Avon's Team Wendy safety helmet business.

Avon also proposed a name to Avon Protection during the second half in order to reflect its transformation into a provider of personal protection systems.

Chief executive Paul McDonald said: "Following the transformation of the group in 2020 into a leading provider of life-critical personal protection systems, we have made a strong start to 2021, continuing to deliver organic growth in orders and revenues, together with further progress against our strategic objectives.

"Given the $157.0m order book and strong pipeline of opportunities across our personal protection portfolio, we are confident of delivering full-year expectations and remain excited by the medium-term prospects."

Elsewhere, Avon said chief financial officer Nick Keveth had announced his intention to retire before the end of March 2022, citing personal reasons. The group's board has already initiated a process to search for a suitable external candidate to succeed Keveth.

As of 0915 BST, Avon Rubber shares were down 5.75% at 3,080.0p.

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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 Protection Market Data

Currency UK Pounds
Share Price 2,692.00p
Change Today 44.00p
% Change 1.66 %
52 Week High 4,625.00
52 Week Low 2,424.00
Volume 402,521
Shares Issued 31.02m
Market Cap £835.15m
RiskGrade 186

Avon Protection Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
30.85% below the market average30.85% below the market average30.85% below the market average30.85% below the market average30.85% 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
Income Not Available
Growth
31.65% below the market average31.65% below the market average31.65% below the market average31.65% below the market average31.65% 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 Protection 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 29-Jul-2021

Time Volume / Share Price
16:35 12,298 @ 2,692.00p
16:29 1 @ 2,680.00p
16:29 37 @ 2,680.00p
16:29 27 @ 2,680.00p
16:29 3 @ 2,680.00p

Avon Protection Key Personnel

CEO Paul McDonald
CFO Nick Keveth
Chair Bruce Thompson

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