Paul McDonald, Chief Executive Officer:
“2019 has been a transformational year for Avon Rubber. We have delivered strong results ahead of expectations, secured $340m of long-term contracts, announced the $91m acquisition of 3M’s ballistic protection business, and continued to build our order book to provide excellent visibility for 2020.
These results reflect the success of our strategic focus on growing our presence in our core markets and investing further in our product portfolio to meet more of the requirements of our expanding customer base. In the last two years, we have built visibility and breadth within our contract portfolio, enabling us to deliver another record performance, and we enter the new year from a position of strength.
The acquisition of 3M’s ballistic protection business will significantly bolster our personal protection offering and accelerate our long-term growth prospects. The transformation during the year leaves us well positioned to deliver further success in 2020 and beyond.”
For the full preliminary results statement, visit the Financial Reports section of our website.