Business
Year-end Update
Year-end Update.
About this update from Avon Technologies Plc
[{"type":"text","content":"\n RNS Number : 1418U Avon Rubber PLC 11 October 2010 \n \n\nAVON RUBBER p.l.c.\n(\"Avon\", the \"Group\" or the \"Company\")\nYear-end update\nSTRICTLY EMBARGOED UNTIL 07.00 MONDAY 11 OCTOBER 2010.\nAvon Rubber p.l.c. the leading global supplier of respiratory protective equipment, provides a year end trading update for the year to 30 September 2010. \n \nAs a result of stronger than expected performance from the Group, the Board expects full year performance to be ahead of current market expectations. \n \nIn Dairy, the market momentum seen and outsourcing cost reductions achieved in the first half of 2010 have been maintained in the second half. This, together with a successful new Milk-Rite product launch has seen this division better its first half performance in the second half of 2010.\n \nIn Protection & Defence we have achieved full US government approval for product from our new filter line in Cadillac which doubles our production capacity for 2011.\n \nIn addition, the Board is pleased to announce that the Group has renegotiated its debt facilities with its existing bankers, extending its term for a further three years and reducing the overall cost of borrowing.\n \nAvon expects to report its final results on Wednesday 24th November 2010. \n \nFor further enquiries, please contact:\n\n\n\n\nAvon Rubber p.l.c.\n\n\n\n\n\n\n\nPeter Slabbert, Chief Executive\n\n\n01225 896831\n\n\n\n\nAndrew Lewis, Group Finance Director\n\n\n01225 896830\n\n\n\n\nFiona Stewart, Corporate Communications Executive\n\n\n01225 896871\n\n\n\n\nWeber Shandwick Financial\n\n\n\n\n\n\n\nNick Oborne\n\n\n020 7067 0700\n\n\n\n\nClare Thomas\n\n\n020 7067 0700\n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END TSTMMBRTMBTBBBM \n ","length":3997,"tagName":"div"}]