Avon Rubber increases profit forecast for 2011

ERJ staff report (DS)

London - Avon Rubber PLC said it expects Group pre-tax earnings to be towards the upper end of current market expectations. It said the financial year which ended on 30 September 2011 concluded strongly in both its operating divisions.

In Protection & Defence, the initial delivery order against the 3 year US Department of Defense IDIQ contract for filters announced on 8 August 2011 was completed on schedule while higher margin non-DoD sales remain on a positive trend in both the North American Homeland Security and EMEA markets.

In Dairy, the progress seen earlier in the year continued into the final quarter, with the new Impulse Mouthpiece Vented Liner making further market share gains.

Preliminary results will be announced on 23 November 2011.

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Press release from Avon Rubber