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Panmure's view on the impact of brexit on avon (from research tree) "Avon Rubber is protected from the Brexit fall-out as 75% of sales are dollardenominated and only 1% of revenue is sterling-denominated. There is a small amount of exports of Protection products from the UK to Europe, which may be impacted if the UK is forced out of the single market. If cable stayed at the current level ($1.31) for the foreseeable future, we estimate it would add 4% to FY2016 EPS and 8% to FY2017 EPS. Milk prices have stabilised at low levels and the risk from this is on the upside."
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