Avon Rubber banking on second-half pick-up
Avon Rubber, which makes rubber products for the defence industry, said orders from the US Department of Defense for its respirator filters are picking up, but full-year orders will be below last year's level.
Avon Rubber, which makes rubber products for the defence industry, said orders from the US Department of Defense for its respirator filters are picking up, but full-year orders will be below last year's level.
The group expects the second half of its financial year, which runs from April to March, will see similar levels of the M50 respirator delivered to the US Department of Defence (DoD) to the first half.
"We expect filter demand to grow as more mask systems are delivered although customer scheduling of filter deliveries remains difficult to predict," the group revealed.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The Protection & Defence division's full-year order intake is expected to be up 38% on the previous financial year, giving the group improved visibility on revenues from both the DoD and commercial customers for 2013.
The Dairy business, which produces milking equipment, is performing "in line" with expectations.
Net debt at the end of June stood at £10.2m, an improvement on the net debt position of £11.8m at the end of September 2011, reflecting the timing of working capital movements and the significant investment made in product development during the year.
"With improved operational performance from Protection & Defence and the Dairy business performing strongly, we continue to expect that the results for the second half of the year will be stronger than the first half with year on year growth comparable with the level seen during the first half," the company said.
At 8:34 the stock had declined 2.9%.
JH
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
How does the Lifetime ISA work? Key LISA rules
What is a Lifetime ISA (LISA) and how much could the government bonus boost your savings by? We look at the perks and the pitfalls.
-
AJ Bell: a fine British fintech going cheap
Opinion Don’t overlook investment platform AJ Bell, a significantly undervalued British business with an excellent financial base