Avon expects to build on strong first half

Melksham, UK – Avon Rubber plc has reported a strong set of half-year results with revenue increasing by 22% year-on-year to £81.1 million and underlying operating profit 21% higher at £10.9 million.

At constant currency, the respective gains in revenue and underlying operating profit were a more modest 7% and 6%, noted Avon. Currency factors, it said, increased revenue by £9.7 million and underlying operating profit by £1.3 million.

Underlying EBITDA for the six months to 31 March rose by 25% to £16.5 million at the Melksham-based…

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