31st Jan 2025 10:18
Avon Technologies PLC - Wiltshire, England-based protective gear company - Says trading in the first financial quarter to December 31 was in line with expectations, with the outlook for financial year 2025 remaining consistent with the guidance Avon gave in November. "Avon has seen continued order momentum in Q1, as evidenced by recent wins, which have further strengthened the group's long-term order book," the company says. This includes an USD18 million delivery order for an integrated head protection system for the US Army, and a renewal contract valued up to GBP10 million with Thales UK to support a critical UK defence programme.
"The board remains confident that the group's strategic initiatives will support sustained growth and improved returns over the long term and that Avon remains well positioned to deliver exceptional shareholder value," Avon says. It will report interim results on May 21.
Current stock price: 1,503.08 pence each, up 1.3% on Friday morning in London
12-month change: up 61%
By Tom Budszus, Alliance News slot editor
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