Porvair PLC AGM Statement and Trading Update (0662K)
April 14 2015 - 2:00AM
UK Regulatory
TIDMPRV
RNS Number : 0662K
Porvair PLC
14 April 2015
FOR IMMEDIATE RELEASE 14 April 2015
Porvair plc
AGM Statement and Trading Update
Porvair plc ("Porvair"), the specialist filtration and
environmental technology group will today, 14 April 2015, make the
following Trading Statement at its Annual General Meeting:
Porvair has made a good start to 2015 with underlying revenue 6%
ahead of the same period in the prior year.
As previously explained, there will not be a recurrence in 2015
of the unusually high revenues recognised from several large
projects in 2014. Total revenues are therefore 4% lower than the
prior year, just ahead of management expectation.
Underlying revenue in Microfiltration was 7% ahead of the prior
year and new facilities in New Milton, UK and Caribou, Maine have
been completed on time and budget and brought on stream to
accommodate growth. The large projects continue to progress well.
Metals Filtration's revenue was 5% ahead of the prior year (3%
lower in constant currency). Expansion in Wuhan, China is
underway.
The outlook is encouraging with orders books remaining
strong.
The Company will be announcing its interim results for the six
months ending 31 May 2015 on Monday 29 June 2015.
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 / 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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