AGM Statement, IMS and Contract extension

RNS Number : 3947C

Porvair PLC

16 April 2013

 



FOR IMMEDIATE RELEASE                                                                              16 April 2013

AGM Statement and Interim Management Statement

and

Contract extension

Porvair plc ("Porvair"), the specialist filtration and environmental technology group will today, 16 April 2013, make the following Interim Management Statement at its Annual General Meeting:

Porvair has made a good start to the 2013 financial year.  In the four months to 31 March 2013, revenues are around 6% ahead of the same period in the prior year at constant currency and profit before tax is ahead of the prior year.

The outlook for the coming months is encouraging.  Order books have strengthened significantly over the period with the addition of an £11m order from the UK government and the contract for gasification filtration announced on 13 February 2013 with Reliance Industries in India.  Work is already underway on both projects.  In the last few days further modules have been ordered by Reliance Industries, increasing the scope for that project by a quarter.  As previously announced the financial impact of this work is expected to be spread over several years.

The Company will be announcing its interim results for the six months ending 31 May 2013 on Monday 24 June 2013.

For further information, please contact:

Porvair plc	01553 765 500
Ben Stocks, Chief Executive
Chris Tyler, Group Finance Director
Buchanan	0207 466 5000
Charles Ryland / Helen Greenwood / Clare Akhurst

Notes to Editors

Porvair is a group of specialist filtration and environmental technology businesses.  Its businesses design and manufacture a range of bespoke consumable filtration products that are used in a range of niche filtration markets.  Its principal markets are aviation, energy and industrial process, environmental laboratories and non-ferrous metals.

 

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