Avon Rubber 2017 final results
Strong financial delivery - adjusted operating profit, EPS and net cash ahead of expectations
Orders received up 22.2% at £173.9m and £10.7m ahead of revenue
Revenue up 14.2% at £163.2m and adjusted operating profit up 23.4% at £25.8m
Constant currency revenue and adjusted operating profit growth of 4.5% and 16.1%
Positive adjusted EBITDA margin enhancement of 120 bps to 22.1%
Strong EBITDA cash conversion of 98.1% resulting in net cash of £24.7m, up £22.7m
Adjusted earnings per share of 82.8p grew by 15.2% and 10.0% at constant currency
Final dividend per share of 8.21p, resulting in total dividend per share of 12.32p, up 30%
Closing order book of £34.0m, up 45.3%, and £26.6m of orders received post year end provides excellent visibility going into 2018
