Trading Update

RNS Number : 9556Z

Porvair PLC

02 June 2016

 

For immediate release                                                                                      2 June 2016

Porvair plc

("Porvair" or "The Group")

Trading Update

Porvair, the specialist filtration and environmental technologies group, today issues a trading update ahead of the publication of its interim results for the six months ended 31st May 2016 which will be announced on Monday 27 June 2016.

The Group expects to report constant currency revenue growth of around 10% with most markets experiencing good demand.  Interim profits are in line with management expectations and will be ahead of those reported in 2015. Order books for the second half are healthy.

During the period the Group acquired TEM, which is performing well. Investments were made in expanding manufacturing facilities in both the US and UK. Net cash at 31^st May 2016 was £7.0m.

An analyst briefing will be held at 9.30 a.m. at Buchanan, 107 Cheapside, London, EC2V 6DN on Monday 27 June 2016.

For more information, contact:

Porvair plc
Ben Stocks, Chief Executive	01553 765 500
Chris Tyler, Group Finance Director	01553 765 500
Buchanan	0207 466 5000
Charles Ryland / Stephanie Watson

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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