Full Year 2023 Avon Protection PLC Earnings Call Transcript
Well, good morning, everybody. It's now 10 months since I've joined Avon, and a lot has been going on. Today, I'm going to take you through a few highlights, then Rich will take you through the financials. And then I'm going to provide a strategy update.
We've started the process to reposition Avon as a high-performing defense company focused on protecting the lives of those who protect us. We've made good progress in a limited time, but it's the start of a journey. We need to be much more efficient and cost effective, and we need to build our order book and turn revenue and profit into cash.
We exited our armor business in line with our plan. Strategically, we are a more focused business, and the exit creates a big opportunity to increase margins in head protection. We've reorganized Avon and are already seeing the benefits: a greater feeling of ownership, a will to win, more pace, more accountability. We are now ready to move into transformation.
We finished planning most of our transformation initiatives, giving us
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
