Business
AGM & Q1 Trading Update
Avon Technologies plc reported a strong first quarter for its Avon Protection division, driven by sustained demand for CBRN products, while its Team Wendy segment experienced a slower start due to U.S. government shutdown delays impacting testing and deliveries, leading to lower-than-expected federal revenue and impacting margins. Despite these temporary setbacks, the Group anticipates full-year performance to remain consistent with previous guidance, underpinned by robust demand and a focus on growth and operational improvements. The company is investing in key programs and new products to enhance its competitive position and expand market reach, with interim results scheduled for May 13, 2026. Disclaimer*
About this update from Avon Technologies Plc
[{"type":"text","content":"\n\n30 January 2026 FOR IMMEDIATE RELEASE\n\n \n \n \nAVON TECHNOLOGIES PLC\n(\"Avon\" or \"the Group\")\n \nAGM & Q1 Trading Update\n \nContinued strong demand. Full year guidance unchanged\n \nAvon Technologies plc issues a trading update for the first quarter of the 2026 financial year (\"Q1\"), ahead of the Group's Annual General Meeting (\"AGM\"), which will be held at its Melksham facility at 10:30am today.\n \nAvon Protection has continued its positive momentum with a record start to the year supported by sustained demand for our CBRN (Chemical, Biological, Radiological, and Nuclear) protection products, good operational gearing and a healthy order book and sales pipeline.\n \nTeam Wendy maintains a strong order book but saw a slower first quarter. The U.S. government shutdown delayed product testing and deliveries, which contributed to lower‑than‑expected Department of War and federal revenue in Q1. Margin was also held back by the planned increase in investment ahead of ramping production rates in Q2. Assuming no further extended government shutdowns, we expect these impacts to be temporary, with higher revenue, unwind of higher inventories and improved operational gearing expected over the remainder of the year.\n \nAt the Group level, we continue to anticipate full year performance consistent with the guidance provided at FY25 results in November, underpinned by continued robust demand for the Group's protective technologies.\n \n \nJos Sclater, Chief Executive Officer, commented:\n\"The first phase of our strategy to enhance operational performance through continuous improvement continues to deliver a stronger, more sustainable business. While there is still a lot to do to improve operatio...