AGM Trading Update

RNS Number : 8317V

Porvair PLC

11 April 2019

 

FOR IMMEDIATE RELEASE                                                                                             11 April 2019

Porvair plc  

AGM Trading Update

Porvair plc ("Porvair" or "the Group"), the specialist filtration and environmental technology group, will make the following trading update today at its Annual General Meeting:

Porvair has made a good start to its 2019 financial year, achieving revenue growth of 18% (14% in constant currency) in the four months ended 31 March 2019, although this is flattered by the timing of a large spares order.  The Aerospace & Industrial division has started the year strongly. Profitability of the Metal Melt Quality division was improved by a better start to the financial year in China and improved efficiencies in the US. 

Group profits for the period were in line with management's expectations. Order books are healthy.

The Group will announce its interim results for the six months ending 31 May 2019 on Monday 24 June 2019.

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 / Steph Watson

Notes to Editors:

Porvair is a group of specialist filtration, separation and environmental technologies businesses.  Its products are used in a range of niche filtration and separation markets and are derived from its expertise in the design and manufacture of filtration and separation systems.  It is organised into three divisions: Aerospace & Industrial; Laboratory; and Metal Melt Quality.

 

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