Nine Month Trading Update

Porvair PLC

12 September 2023

 

For immediate release                                                                                      12 September 2023

Porvair plc

Nine Month Trading Update

Porvair plc ("Porvair" or the "Group"), the specialist filtration, laboratory and environmental technology group, announces the following trading update for the nine months ended 31 August 2023.

The Group has continued to trade satisfactorily in the third quarter. As discussed at the half year, order intake across aerospace, petrochemical and water analysis markets remains robust. We continue to see de-stocking in industrial and laboratory consumables, but there have been some signs in recent weeks of this ameliorating and lead times returning to normal. The Board expects full year earnings to be above those for 2022.

Porvair's long-term earnings record is supported by established global trends: tightening environmental regulations; growth in analytical science; the need for clean water; carbon-efficient transportation; the replacement of plastic and steel with aluminium; and the drive for manufacturing process quality and efficiency.

For further information please contact:                                        

Porvair plc
Ben Stocks, Chief Executive	01553 765 500
James Mills, Group Finance Director
Buchanan Communications	0207 7466 5000
Charles Ryland / Simon Compton / Jack Devoy

Notes to Editors

Porvair is a group of specialist filtration, laboratory 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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