Avon's full year figures show falling sales, better profits

London--Avon PLC has declared its annual figures for the 12 months to 30 Sept, 2004. The company said its sales fell by four percent to £239.2 million, while pre-tax profits increased by 17 percent, to £8.7 million.

Commenting on the results, Steve Willcox, Chief Executive said: “We have a clear strategic direction to follow. We will develop our respiratory protection business, run Automotive as a single division and use Technical Products to manage and develop specialist business areas to grow a value creating business. To achieve this will require some restructuring, which will start during the first half of this financial year with the benefits starting in the second half. We shall maintain our focus on cost control and cash management to deliver enhanced shareholder value.”

This is an external link and should open in a new window. ERJ is not responsible for the content of external sites.

Website of Avon Rubber

Statement from Avon. Download "Preliminary Results" from this page in PDF format.