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Avon Rubber records $122m H1 revenue

By BFN News | 01:48 PM | Friday 09 April, 2021


Avon Rubber has recorded revenues of $122 million (£89 million) for the first six months of 2021. This compares to $87 million in the first half of 2020. The increase in revenues was largely due to a 16% growth in the company's military business. Orders received in the first half were up 30%, including $38 million order from NATO and a $17 million order from the U.S. Department of Defense. For first responder customers, orders were up 29%. The Group's financial position remains strong, with net debt before lease liabilities of $13 million at 31 March 2021, representing leverage of less than 0.2x consensus EBITDA for the current financial year. Story provided by StockMarketWire.com

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