Avon Protection PLC
LSE:AVON
Avon Protection PLC
Avon Protection Plc manufactures and designs respiratory protection products for defense and industrial users. The company is headquartered in Melksham, Wiltshire and currently employs 1,057 full-time employees. The firm designs and produces life critical personal protection solutions for the militaries and first responders, with a portfolio that includes chemical, biological, radiological, nuclear (CBRN), respiratory and head protection products. Its brands include Avon Protection and Team Wendy. Avon Protection is a provider of life critical personal protection systems. Team Wendy is a supplier of helmets and helmet liner and retention systems. Its product portfolio includes respiratory protection and head protection. Its respiratory protection product portfolio includes respirators, powered and supplied air systems, filters, spares and accessories. Its head protection portfolio is focused on bump protection helmets, helmet liner and retention systems. Its subsidiaries include Avon Polymer Products Limited, Avon Protection Holdings Limited and Avon Rubber Pension Trust Limited.
Avon Protection Plc manufactures and designs respiratory protection products for defense and industrial users. The company is headquartered in Melksham, Wiltshire and currently employs 1,057 full-time employees. The firm designs and produces life critical personal protection solutions for the militaries and first responders, with a portfolio that includes chemical, biological, radiological, nuclear (CBRN), respiratory and head protection products. Its brands include Avon Protection and Team Wendy. Avon Protection is a provider of life critical personal protection systems. Team Wendy is a supplier of helmets and helmet liner and retention systems. Its product portfolio includes respiratory protection and head protection. Its respiratory protection product portfolio includes respirators, powered and supplied air systems, filters, spares and accessories. Its head protection portfolio is focused on bump protection helmets, helmet liner and retention systems. Its subsidiaries include Avon Polymer Products Limited, Avon Protection Holdings Limited and Avon Rubber Pension Trust Limited.
Strong Financial Performance: Avon delivered a record order book, 24% revenue growth, 40% higher operating profit, and nearly 60% higher EPS compared to last year.
Order Book: Order book rose to $199 million, up more than $50 million year-on-year, driven by strong demand across defense and police customers.
Raised Outlook: Management upgraded revenue growth guidance for the full year to 10%, up from prior high single-digit expectations.
Operational Improvements: Key metrics like productivity, scrap, and inventory turns improved significantly, supporting higher margins and cash flow.
Transformation Progress: Major transformation and cost initiatives are ahead of plan, with investments being pulled forward to accelerate benefits.
Cash Flow & Leverage: Cash conversion was very strong at 155%, reducing net debt to EBITDA to 1.69x, within target range.
US & European Defense Demand: Geopolitical tensions and US election year are supporting higher demand for masks and helmets, with large new contracts won with US DoD and European customers.
