Edison | Nov 26, 2012 11:38PM ET
Avon Rubber’s prelims highlighted that the group has undergone a year of consolidation. This follows the rapid growth of the past few years, as focus turned to further enhancing operational efficiency and continuing R&D and business-development programmes to seed the next leg of growth from mid-2013 onwards. Despite the top-line pause, Avon (AVON.L) was able to grow operating profits by 4% and EPS by 7%, highlighting the benefits of the strategy to target higher-margin product areas and capturing greater value per sale. The group is well positioned to continue its progress with a stable core DoD business, a growing commercial offering and continued consistent growth from dairy.
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