Avon Rubber 2018 interim results
Financial highlights at constant currency
Orders received up 5.0% and £10.6m ahead of revenue
Closing order book of £40.6m provides excellent visibility going into the second half of 2018
Revenue up 5.9% at £77.7m and adjusted1 operating profit up 18.9% at £11.6m
EBITDA margins improved by 20bps to 19.9%
Strong EBITDA cash conversion of 123.9% and the divestment of AEF resulting in net cash of £39.1m, up £14.4m in the half year
Adjusted earnings per share of 32.8p, grew by 33.7%
Interim dividend per share of 5.34p, up 30.0%
