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Avon Protection reports moderate increase in Q1 sales, anticipates "good" year
(Sharecast News) - Avon Protection reported moderate growth in sales for the first quarter of its financial year and predicted that FY 2023 would be a "good" year.
The manufacturer of respiratory and ballistic protection equipment said revenues were up by 6% during the quarter on the back of the previously anticipated increase in demand for armour products.
Sales of respiratory and head protection gear meanwhile were said to be at "similar levels" to those one year earlier.
But the company highlighted its "strong" order pipeline for respiratory products and said demand for its head protection range was expected to grow further.
First deliveries of its next-generation IHPS helmet were scheduled to take place in the back half of the year and initial revenues from its ACH GEN II helmet were expected during the first half of 2024.
Plans were for armour production to conclude in the third quarter and for deliveries to be completed by the end of the financial year.
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