Porvair PLC
09 April 2008
For immediate release 9 April 2008
Porvair plc ('Porvair' or 'The Group')
AGM and Interim Management Statement
Porvair, the specialist filtration and environmental technologies group, will
today make the following Interim Management Statement covering the period from
1 December 2007 to date at its Annual General Meeting:
'Porvair has had an encouraging start to its financial year and is trading in
line with management's expectations. The Group achieved record sales in the
month of February and current order books throughout the Group are healthy.
Significant investments in the Microfiltration division have been completed on
time and to budget with new manufacturing facilities opened and the acquisition
of Toolturn Engineering completed in March. These investments will support the
growth we expect to see in the next few years in the aviation, gasification and
nuclear filtration markets.
The Metals Filtration division, supported by international account wins and
export demand, is performing well. Sales of specialist nickel-cobalt filters are
growing rapidly in line with expectations and commercial sales of our new
aluminium filters have started. Specifications for a highly innovative energy
storage component have been approved and an initial supply agreement has been
signed with the customer. Sales of this key growth project should start later in
the year.'
The Company will be announcing its interim results for the six months ending
31 May 2008 on Tuesday 24 June 2008.
For further information, please contact:
Porvair plc 01553 765 500
Ben Stocks, Chief Executive
Chris Tyler, Group Finance Director
Buchanan Communications 0207 466 5000
Charles Ryland / Susanna Gale
This information is provided by RNS
The company news service from the London Stock Exchange
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