Avon Protection ( (GB:AVON) ) has provided an update.
Avon Technologies plc has announced an upgrade to its full-year expectations following strong trading momentum in the second quarter. The company has seen significant revenue growth driven by increased sales of helmets to the US Department of Defense and respirators and rebreathers through Avon Protection. Additionally, Avon has secured new orders from European NATO for respirators to be delivered to the Ukrainian Armed Forces and a framework contract for rebreathers with two European navies. These developments are expected to lead to revenue growth exceeding 10% for FY2025, with operating profit margins also expected to surpass previous guidance. The company remains focused on mitigating risks and capitalizing on opportunities, particularly in ramping up production for the US DOD.
More about Avon Protection
Avon Technologies plc specializes in providing mission-critical systems that enhance performance, efficiency, and capability for militaries and first responders worldwide. The company is known for its innovative approach and high-quality manufacturing of respiratory and protective systems through Avon Protection and helmet systems via Team Wendy.
YTD Price Performance: -5.98%
Average Trading Volume: 86,034
Technical Sentiment Signal: Sell
Current Market Cap: £409.9M
For an in-depth examination of AVON stock, go to TipRanks’ Stock Analysis page.