Avon Rubber (LON:AVON) - Stronger H2 as expected
Oct 11th 2012 - Edison Investment Research today published a report on Avon Rubber (AVON.L, LSE:AVON, LON:AVON) entitled "Stronger H2 As Expected". In summary, the report says:
Avon Rubber’s pre-close statement highlighted that H2 had picked up and was stronger than H1, leaving the group confident to meet expectations for the full year. At a time when many others are facing weakening markets, we feel this highlights the robust nature of the products and the benefits of the visibility afforded by the long-term core contracts the group has in its order book. With strong cashflow performance leaving net debt reduced at £8.7m and allowing investment in R&D and product development, we feel Avon still provides a haven in an uncertain environment that, although providing challenges, is being managed.
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