UK's Avon Technology jumps on annual double-digit revenue growth expectations

Avon Technologies

21/05/2025 09:23

** Shares of Britain's protective equipments provider Avon Technologies AVON.L up 3.5% to 1626p

** AVON Technologies, formerly Avon Protection, expects to deliver double digit rev growth in FY25

** Co cites good scrap reduction in one of its core brands, Avon Protection, helped drive margins in H1

** Reports H1 adj profit before tax $14.8 mln vs $8.8 mln year ago

** Expects to reach medium-term financial targets a year early in FY2026

** Adds, do not expect US tariffs or DOGE to impact ability to meet medium-term target margin range

** As of last close, stock up ~14.15% YTD

 (Reporting by Ankita Bora in Bengaluru)

 ((Ankita.Bora@thomsonreuters.com))