Avon reports strong second half results
Posted 16 October 2012
Melksham-based Avon Rubber said trading in the second half of the financial year was as expected – stronger than in the first six months. The board is confident that the group's full year results for the year ended 30 September 2012 will be in line with current market expectations.
Chief executive Peter Slabbert said: "We continue to invest in innovative new products in both protection and defence and dairy and believe that these industry-leading technologies will deliver revenue growth and higher margins in the future.
“The uncertain economic climate will present challenges in the coming year but I am confident that both sides of Avon's business are well positioned to make further progress in 2013."
Net debt at the year end was £8.7m. Preliminary results will be announced on 21 November.
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