Avon Rubber sales grow, earnings decline

Melksham, UK – Avon Rubber plc has reported a 4% year-on-year growth in annual sales at £165.5 million (€185 million) for the financial year ended 30 Sept.

Despite the growth in sales, earnings (adjust EBITDA) fell 1.2% to £35.3 million, said the UK rubber group in a presentation 14 Nov.

At constant currency rates, sales grew 8.7% and earnings rose 5.1% compared to the previous year.

Avon noted high revenues from its M50 mask system volumes and spares supplied to the US Department of Defense (DOD), saying its…

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