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Avon Rubber increases its 2018 interim dividend by 30%

Investment Tools Ltd.
Avon Rubber increases its 2018 interim dividend by 30%

Avon Rubber 2018 interim results

Financial highlights at constant currency

Orders received up 5.0% and £10.6m ahead of revenue

Closing order book of £40.6m provides excellent visibility going into the second half of 2018

Revenue up 5.9% at £77.7m and adjusted1 operating profit up 18.9% at £11.6m

EBITDA margins improved by 20bps to 19.9%

Strong EBITDA cash conversion of 123.9% and the divestment of AEF resulting in net cash of £39.1m, up £14.4m in the half year

Adjusted earnings per share of 32.8p, grew by 33.7%

Interim dividend per share of 5.34p, up 30.0%

Companies mentioned

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