0842 GMT - Although Avon Technologies delivers a robust trading update with a clear message on the progress it has made being as expected, little change to consensus forecasts is likely, Jefferies analysts say in a note. The protective-equipment manufacturer's performance was in line with expectations, order momentum continued, and its STAR improvement program is being executed well, Jefferies says. "Avon continues to be a business with much improvement potential, and with the current year being one of very heavy lifting, we look for FY 2026 and FY 2027 to be years of very significant margin and EPS growth," Jefferies says. Shares are flat at 1,484 pence and are up 59% over the past 12 months. (anthony.orunagoriainoff@dowjones.com)
(END) Dow Jones Newswires
January 31, 2025 03:42 ET (08:42 GMT)
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