Avon Technologies Plc (AVON.L), a software solutions services company, on Wednesday projected good growth in its first half and lifted fiscal 2025 guidance, reflecting demand in deliveries and a 12-year contract.
In its trading update, the company said strong trading momentum has continued through the second quarter.
The company now expects the full-year revenue to grow more than 10%, where as previously it had expected growth in mid-single digit.
The group's adjusted operating profit margin is currently anticipated more than 12% from 11.5% as per previous guidance.
However, the other full-year guidance remains unchanged.
The guidance is updated as the company sees demand as Team Wendy's revenue grew in the second quarter and increased by production in certain segments which resulted in solid growth in the six months ending March 31 financial results.
Avon Protection received two NATO orders for respirators for Ukraine, with deliveries in 2025 and early FY2026.
In addition, it also had secured a 12-year contract with two European Navies for MCM100 rebreathers, including accessories, training, and support. Delivery details will be finalized.
The company is scheduled to release its first-half results on May 21.
Tuesday, Avon had closed 0.29% higher at 1379 pence on the London Stock Exchange.
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