'Good progress' for Avon Rubber

Wednesday, 2nd May 2012

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The Melksham-based engineering business has reported revenue of £49.6m for the six months to 31 March 2012 – a 3 per cent increase compared with the same period last year. Pre-tax profit has also increased from £4.4m in 2011 to £4.6m.

The business said its revenue had been boosted by “significant progress” in its dairy division. The company specialises in producing respiratory products, products for the defence industry and tubing for the dairy industry.

Chief executive Peter Slabbert said: “The protection and defence business will continue to benefit from the security of the long-term Department of Defense (DoD) contract and increased market share in the US homeland security and foreign military markets. In the short-term, however, visibility and timing of filter orders from the DoD and foreign military orders remains limited.

“In dairy we remain well positioned in a market with long term growth potential. The market is stable, our cost base is appropriate and we have opportunities to further enhance profitability through our strong Milk-Rite brand, our distribution capability and by developing further innovative new products.”

The company added that it is “confident” about its progress and expects stronger revenues in the second-half of its financial year. Avon Rubber is set to report its full-year results in November.

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