Avon shares jump on outlook upgrade for 2026 annual results

Avon Technologies PLC on Wednesday said it expects annual results to be ahead of market expectations, encouraged by the "strong momentum" seen in recent months.

As a result, shares in Wiltshire, England-based Avon surged 15% to 2,185.00 pence in morning trading in London.

The military and law enforcement protection equipment manufacturer said it expects revenue growth of around 13% for 2026, compared with 14% in 2025.

Adjusted operating profit margin is expected to be "comfortably above" the guided range of between 14% and 16%. It was 13% a year earlier. Return on invested capital is also expected to beat guidance of over 17%, compared with 19% a year earlier.

Avon said the outlook upgrade was driven by the group's strong momentum in recent months, with a significant increase in the order book since its interim results.

The company said its two divisions, Avon Protection, which produces respiratory devices, and Team Wendy, focused on head protection items, enter 2027 with strong visibility.

"Avon Protection continues to see healthy demand through the Nato support & procurement agency programme, with several new European orders received. In Team Wendy, order book has grown materially during the second half," Avon said.

The company said it will provide 2027 guidance in its full-year results, which will be published on November 10.

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