Pre-close trading update

RNS Number : 7134V

Porvair PLC

05 December 2019

 

For immediate release                                                                                     5 December 2019

Pre-close trading update

Porvair plc ("Porvair", "the Group" or "the Company"), the specialist filtration and environmental technologies group, announces the following trading update ahead of its close period for the year ended 30 November 2019.

Trading update

Revenue growth for the year ended 30 November 2019 will be around 13%.  Constant currency growth will be around 10%, driven by strong growth in the Aerospace & Industrial division.  Earnings for the year are forecast to be slightly ahead of management's expectations.

Net cash on 30 November 2019 was £3.9 million (2018: £6.6 million), after capital and acquisition expenditure of approximately £14 million. Group order books for the start of the 2020 financial year are healthy.

Date of preliminary announcement

Porvair will announce its preliminary results for the year ended 30 November 2019 on Monday 3 February 2020.

Market Abuse Regime

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation. Upon the publication of this announcement via a regulatory information service, this inside information is now considered to be in the public domain.

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 plc

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.  It operates in three divisions: Aerospace & Industrial; Laboratory; and Metal Melt Quality.

 

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