Half Year 2023 Avon Protection PLC Earnings Call Transcript
Good morning, everybody. I think most of you know me, actually, but for those of you that don't know me, I'm Jos Sclater. I joined Avon just 4 months ago. Before that, I was CFO at Ultra Electronics, Castrol Lubricants and GKN. And a big part of my role at each company was to help create and implement transformation programs, which unlocks the full potential in those businesses and created significant value for shareholders.
I am very excited to have joined Avon because I see similar potential. I visited all Avon sites. I've listened to shareholders, employees and customers. I now feel I have a good understanding of the business, and I'm going to give you my first impressions and share our new strategy after Rich presents the results. For now, I will pick out in our financial performance just one thing. Revenue was below our expectations in the first half. While that is disappointing, there are a lot of positive things happening in Avon, which have not yet had time to translate into improved financial performance. Over the last 4
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