LONDON (ShareCast) - (ShareCast News) - British manufacturer Avon Rubber saw it operating profits rise to £25.8m in the year ending 30 September thanks to a 22.2% year-on-year increase in its order book.
Avon Rubber received £173.9m worth of orders over the twelve month period, £10.7m ahead of revenue which came in 14.2% higher than it had a year earlier at £163.2m.

The group reported a "strong financial delivery" with adjusted operating profits, earnings per share and net cash all closing out the year ahead of expectations.

Avon Rubber's closing order book of £34.0m, a 45.3% uptick, plus the £26.6m worth of orders received after the financial year left the firm with "excellent visibility going into 2018".

Paul McDonald, chief executive officer, said, "Our Law Enforcement and Fire businesses drove strong growth in Avon Protection during the year. This momentum, together with the significant opportunities emerging from the expanding Military product and customer base, provide a very positive growth outlook for Avon Protection in 2018 and subsequent years."

"There are significant growth opportunities for both businesses and I am confident in our ability to deliver value to our customers, our people and our shareholders in 2018 and beyond," he added.

Earnings per share grew 15.2%, or 10% on a constant currency basis, to 82.1p.

As of 1045 GMT, shares had grown 2.54% to 1,092p.

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