Avon Protection, the leading manufacturer of gas masks and helmets, has announced impressive growth in its first-quarter revenue. The company’s order book and order intake have also seen significant increases, reinforcing its positive outlook for the full year.
Robust Revenue Growth
Avon Protection’s first-quarter revenue has risen by an impressive 27% compared to the previous year. This growth is in line with the company’s expectations and can be attributed to the successful delivery of helmets to the U.S. Department of Defense and the strong demand for pads and commercial helmets.
Strong Order Intake
The order intake for the period has surged by 36% year-on-year. This reflects the high demand for helmets and rebreathers following the company’s contract with the German Navy. However, there has been a slight decrease in respirator orders.
Expanding Order Book
Avon Protection’s order book is now 21% higher, indicating a promising future for the company. Production is underway to meet the increasing demand for its ACH GEN II helmet, with product deliveries scheduled for the second half of the year.
Confident in Full-Year Expectations
The company is confident that its performance and progress in transformation initiatives will support its full-year expectations. Avon Protection aims for high single-digit revenue growth, an operating margin close to 10%, net debt reduction, and a rebased dividend as part of its revised capital allocation policy.
Chief Executive Jos Sclater expressed satisfaction with the results thus far, stating, “While there remain opportunities and risks ahead, I am pleased to see our strategic and operational progress reflected in these results.”
Avon Protection’s strong first-quarter performance sets a positive tone for the company’s future prospects, positioning it for continued growth and success.
