Avon Technologies Plc (AVNBF,AVON.L) Friday said in its first quarter trading update that it is on track to meet or exceed its financial targets for fiscal 2026.
The company, which manufactures advanced respiratory equipment, said that it continues to anticipate full-year performance in line with the earlier provided outlook. This guidance is underpinned by continued robust demand for the Group's protective technologies.
The company said that Avon Protection delivered a good start to the year, supported by sustained demand for its Chemical, Biological, Radiological and Nuclear or CBRN protection products, strong operational gearing, and a healthy order book and sales pipeline.
Avon Technologies said that Team Wendy maintained a strong order book but experienced a slower first quarter. The U.S. government shutdown delayed product testing and deliveries, contributing to lower-than-expected Department of Defense and federal revenue in the first quarter, the company said in an official statement.
On the OTC Markets, AVNBF ended Thursday's trading at $26.81.
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