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

Half Year 2023 Avon Protection PLC Earnings Call Transcript

May 23, 2023 / 08:00AM GMT
Release Date Price: £8.71 (-10.21%)
Mark Josceline Sclater
Avon Protection plc - CEO & Director

Good morning, everybody. I think most of you know me, actually, but for those of you that don't know me, I'm Jos Sclater. I joined Avon just 4 months ago. Before that, I was CFO at Ultra Electronics, Castrol Lubricants and GKN. And a big part of my role at each company was to help create and implement transformation programs, which unlocks the full potential in those businesses and created significant value for shareholders.

I am very excited to have joined Avon because I see similar potential. I visited all Avon sites. I've listened to shareholders, employees and customers. I now feel I have a good understanding of the business, and I'm going to give you my first impressions and share our new strategy after Rich presents the results. For now, I will pick out in our financial performance just one thing. Revenue was below our expectations in the first half. While that is disappointing, there are a lot of positive things happening in Avon, which have not yet had time to translate into improved financial performance. Over the last 4

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot