Avon Protection PLC (LSE:AVON)

£ 13.32 -0.46 (-3.34%) Market Cap: 399.55 Mil Enterprise Value: 459.70 Mil PE Ratio: 0 PB Ratio: 3.68 GF Score: 72/100

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Full Year 2021 Avon Protection PLC Earnings Call Transcript

Dec 15, 2021 / NTS GMT

Release Date Price: £9.16 (-15.03%)

Transcript

Paul McDonald

Avon Protection plc - CEO & Director

Good morning, ladies and gentlemen, and welcome to our 2021 year-end results. For our agenda this morning, I will start with the key headlines and will provide further details regarding the strategic review of armor. Nick will present the 2021 financial results, including the financial impacts of the strategic review and our 2022 outlook, following which I will talk about the group as it moves forward and the medium-term outlook, and we'll finish with questions from those of you that have dialed into the conference call.

2021 has been both a difficult and challenging year for Avon Protection. And I'll talk in a moment about the events that have led us to the strategic review of the armor business, and our conclusion that an orderly wind down is in the best way forward for all stakeholders. We're now refocusing the group on respiratory and head protection, where we have a strong, stable and growing business for the future.

While most people have focused on the challenges of body armor and the supply chain during 2021, this has masked

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