As Russia's unprovoked attack on Ukraine continues, United Kingdom-based Avon Protection plc says the crisis highlights the criticality of the company's products, pointing to a "notable increase" in customer inquiry activity in its latest trading update.
"We have a number of active discussions ongoing with customers regarding potential incremental orders across both respiratory and helmet products," Avon said April 6.
The manufacturer said it expected to see the impact of the ongoing discussions and their resultant orders on its performance in the financial year 2023, starting September.
Over the first six months of the current financial year, Avon said some of the previous year challenges continued but performance "accelerated" through the second quarter.
Order intake was lower than the comparable period last year, reflecting a very strong first half in 2021.
"But, following the events in Ukraine, inquiries remain robust, giving us confidence in order intake for the second half and beyond," Avon said.