31 January
2025
AVON TECHNOLOGIES
PLC
("Avon"
or the "Group")
AGM
Statement
Avon will be holding its Annual
General Meeting ("AGM") at its Melksham facility at 10:30am GMT
today.
Trading in the first quarter was in
line with expectations and the Group outlook for the full year
remains consistent with the guidance given with the FY24 results in
November.
Avon has seen continued order
momentum in Q1, as evidenced by recent wins, which have further
strengthened the Group's long term order book,
including:
·
an $18m delivery order for the Next Generation
Integrated Head Protection System (NG IHPS) helmet for the U.S.
Army;
·
a renewal contract valued up to £10m with Thales
UK to support a critical UK defence programme.
The Group continues to make good
operational progress on the STAR strategy, embedding a culture of
continuous improvement alongside its focus on footprint
optimisation and operational excellence.
The Board remains confident that the
Group's strategic initiatives will support sustained growth and
improved returns over the long term and that Avon remains well
positioned to deliver exceptional shareholder value.
A presentation for retail investors
will be held after the AGM meeting today and repeated online at
14.00pm GMT. Registration is available on the following
link:
https://www.investormeetcompany.com/avon-technologies-plc/register-investor
Avon will report Interim Results for
the six months ending 31 March 2025 on 21 May
2025.
For
further enquiries, please contact:
Avon Technologies plc
Jos Sclater, Chief Executive Officer
+44 1225 896 848
Rich Cashin, Chief Financial
Officer
Gabriella Colley, Corporate Affairs
Director
+44 7891 206 239
Sodali & Co
Pete Lambie
avontechnologies@sodali.com
James White
+44 7855 432 699
About Avon Technologies plc:
Avon Technologies plc makes products
that are trusted to protect the world's militaries and first
responders.
Our mission is to provide
unparalleled protection for those who protect us, giving them the
confidence to tackle challenging situations and helping them get
home safe.
The Group trades through two
Strategic Business Units; Avon Protection; our respiratory and
integrated protection systems business and Team Wendy, our helmet
systems business. We are renowned for our innovative thinking and
our steadfast approach to manufacturing unrivalled
products.
For further information, please
visit our website www.avon-technologiesplc.com
Legal Entity Identifier:
213800JM1AN62REBWA71
