Business
Half-year Report
Half-year Report.
About this update from Avon Technologies Plc
[{"type":"text","content":"\n \n \n RNS Number : 2626N\n Avon Rubber PLC\n 19 May 2020\n \n \n \n \n \n \n \n DELIVERING SUSTAINABLE GROWTH\n \n \n \n \n \n Paul McDonald, Chief Executive Officer\n \n \n \"Avon Rubber has continued to make excellent progress, delivering continued strong organic revenue and profit growth across both businesses, as well as completing the acquisition of 3M's ballistic protection business, and securing long-term body armor contracts worth up to $600m with the U.S. Department of Defense.\n \n \n Both Avon Protection and milkrite | InterPuls have been prioritising the safety and wellbeing of our employees and their families during the COVID-19 crisis. It is thanks to the dedication of our teams across the globe that both businesses have continued to trade in line with our expectations during this period. \n \n \n Both businesses remain robust and the Group has good liquidity, a strong balance sheet and excellent medium-term revenue visibility. As a result, the Board remains confident of achieving its expectations for the current financial year and delivering its strategy over the medium term.\"\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 31 March 2020\n \n \n \n \n \n \n \n 31 March 2019\n \n \n (Restated)3\n \n \n \n \n % Change \n \n \n \n \n \n \n \n Organic Constant Currency\n \n \n % Change\n \n \n \n \n \n \n Orders received\n \n \n \n \n £117.9m\n \n \n \n \n £94.9m\n \n \n \n \n 24.2%\n \n \n \n \n (4.7%)\n \n \n \n \n \n \n Closing order book\n \n \n \n \n £115.5m\n \n \n \n \n £59.1m\n \n \n \n \n 95.4%\n \n \n \n \n (15.6%)\n \n \n \n \n \n \n Revenue\n \n \n \n \n £94.7m\n \n \n \n \n £73.6m\n \n \n \n \n 28.7%\n \n \n \n \n 9.5%\n \n \n \n \n \n \n Adjusted1 operating profit\n \n \n \n \n £15.6m\n \n \n \n \n £9.0m\n \n \n \n \n 73.3%\n \n \n \n \n 45.2%\n \n \n \n \n \n \n Adjusted1 profit before tax\n \n \n \n \n £14.7m\n \n \n \n \n £8.8m\n \n \n \n \n 67.0%\n \n \n \n \n 39.8%\n \n \n \n \n \n \n Adjusted1 basic earnings per share2\n \n \n \n \n 38.1p\n \n \n \n \n 23.2p\n \n \n \n \n 64.2%\n \n \n \n \n 37.5%\n \n \n \n \n \n \n Interim dividend per share\n \n \n \n \n 9.02p\n \n \n \n \n 6.94p\n \n \n \n \n 30.0%\n \n \n \n \n 30.0%\n \n \n \n \n \n \n Net (debt)/cash\n \n \n \n \n (£66.9m)\n \n \n \n \n £34.6m\n \n \n \n \n \...