Avon Technologies Plc reported strong interim results for the six months ended 31 March 2026, with revenue, profit, and margin all increasing significantly year-on-year. Key highlights include
Revenue grew 6.8% to $160.8 million, driven by strong performance in Avon Protection (up 23%) and despite a slight decline in Team Wendy.
Adjusted operating profit rose 39.4% to $24.4 million, with margin expanding 340 basis points to 15.2%.
Adjusted profit before tax increased 47.3% to $21.8 million.
The company delivered on medium-term targets for growth, margin, ROIC and leverage 18 months early.
Order book declined slightly to $219.9 million due to timing of orders, but pipeline remains strong.
Net debt increased modestly to $58.0 million, with leverage remaining below 1x.
The company raised its interim dividend 6.6% to 8.1 cents per share.
Management expects to meet or exceed full-year guidance, with high single-digit revenue growth and margin towards the top end of the 14-16% target range.
In summary, Avon Technologies delivered a strong first half performance, with revenue and profits up significantly as the company advances its strategic transformation and growth plans. The company is on track to meet or exceed full-year guidance.
| Financial Metric | 31 March 2026 | 31 March 2025 | Change |
|---|---|---|---|
| Orders received ($m) | 117.9 | 170.5 | (31.6%) |
| Closing order book ($m) | 219.9 | 247.0 | (11.4%) |
| Revenue ($m) | 160.8 | 148.7 | 6.8% |
| Adjusted operating profit ($m) | 24.4 | 17.5 | 39.4% |
| Adjusted profit before tax ($m) | 21.8 | 14.8 | 47.3% |
| Adjusted basic earnings per share (cents) | 56.4 | 38.8 | 45.4% |
| Interim dividend per share (cents) | 8.1 | 7.6 | 6.6% |
| Net debt excluding lease liabilities ($m) | 58.0 | 54.9 | 5.6% |
| Net debt ($m) | 74.2 | 74.7 | (0.7%) |