Wiltshire-based Avon Rubber made significant progress during the first half of 2009, according to an interim report. The group returned to profit, and importantly has secured significant additional orders from both the US DoD and the UK MoD which have added to the order book.
Revenue from continuing operations increased by 103% in the half year to £44.1m (2008: £21.7m) driven by the stronger dollar and a successful full period of operation of our US Protection & Defence facility in Cadillac following the move to full rate production in the second half of the 2008 financial year.
The group made an operating profit from continuing operations of £1.8m (2008: £1.7m loss) with Cadillac and the US dairy business, Avon Hi‐Life, contributing strongly to the US Engineered Fabrications business which is held for sale.
