Global conflict continues to be good news for Avon Technologies
War, and the threat of conflict, continues to be good news for Avon Technologies, which has reported a record order book.
The Melksham-headquartered manufacturer of personal protection gear for the military said the 12-month period to the end of September had seen revenue increase 14.1 per cent to $313.9, while profit before tax soared to $13.1 million from $2.3 million.
And the firm’s order book now stands at a record $263 million.
Highlights have included the delivery of gas masks to the Australian Defence Force, a $16 million NATO contract for boots and gloves across 16 member countries, and a fifteen per cent growth in sales to US law enforcement for helmets.
The US Department of War also placed a $64 million order for helmets.
CEO Jos Scatler told the markets: “Nearly two years ago, we set bold ambitions for the business, which could only be achieved by significant change.
“This year, in particular, required enormous tenacity and dedication from our employees.
“That effort is paying off. Adjusted EPS has grown by over 100% since 2023, the balance sheet now provides a strong foundation and strategic optionality, and we’ve launched several exciting new products which will support future growth.
“As we near the completion of the first phase of our strategy, our shift to a continuous improvement culture is delivering real results and has been fundamental to dramatically increasing the production run rate within Team Wendy and expanding our market share in Avon Protection.
“We are now a stronger business with more growth opportunities than ever, underpinned by disciplined investment and relentless operational improvement.
“None of this would be possible without our exceptional team, and I’m deeply grateful for their hard work and commitment.”
Uncertain world leads to record start of year for defence firm
Read more03.02.2026
Avon Technologies wins $18 million order for military face masks
Read more11.06.2025
Wiltshire defence firm turns a profit amid fear of global conflicts
Read more22.05.2025
NATO places orders with military kit firm Avon Technologies
Read more26.03.2025
Avon Technologies secure £14 million contract from US military
Read more07.01.2025
Profits surge at Avon Technologies as US military prepares troops for chemical, biological or nuclear attack
Read more19.11.2024