Avon Protection Full Year 2023 Earnings: Misses Expectations

Avon Protection (LON:AVON) Full Year 2023 Results

Key Financial Results

• Revenue: US$243.8m (down 10% from FY 2022).
• Net loss: US$16.4m (loss widened by 193% from FY 2022).
• US$0.48 loss per share (further deteriorated from US$0.18 loss in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Avon Protection Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 7.4%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is expected to decline by 2.6% p.a. on average during the next 3 years, while revenues in the Aerospace & Defense industry in the United Kingdom are expected to grow by 3.6%.

Performance of the British Aerospace & Defense industry.

The company's shares are down 9.4% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Avon Protection that you should be aware of before investing here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.