Avon Rubber continues recovery

ERJ staff report (DS)

London - Avon Rubber said its first quarter trading has continued the positive momentum seen at the end of the last financial year.

The company said it has received a further large order for its protections systems from Saudi Arabia. In addition, The UK Ministry of Defence has exercised the third and final option of its three year contract for the supply of S10 masks as expected. This has a sales value of £1.55m and these masks are for delivery during the 2011 financial year.

In the dairy segment, Avon said, “Our revenues are significantly up on the same period last year and despite higher input costs, an improved operational cost base and efficiencies have allowed us to continue to enhance our operating margins.”

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Press release from Avon Rubber