Porvair PLC AGM Statement and Trading Update (8477U)
April 12 2016 - 2:00AM
UK Regulatory
TIDMPRV
RNS Number : 8477U
Porvair PLC
12 April 2016
FOR IMMEDIATE RELEASE 12 April 2016
Porvair plc
AGM Statement and Trading Update
Porvair plc ("Porvair"), the specialist filtration and
environmental technology group will today, 12 April 2016, make the
following trading update at its Annual General Meeting:
Porvair has made a good start to 2016 with overall constant
currency revenue growth of 14% in the first four months ended 31
March 2016. Underlying revenue(1) growth was 5%. This is in line
with management's expectations.
Both divisions have performed well with aerospace, aluminium and
bioscience filtration revenues all ahead of the prior period. Seal
Analytical also continues to grow. Trading at TEM, the acquisition
completed in December, has been encouraging. A new facility in
Ashland, Virginia, to support Microfiltration's business in the US
will open in April. Gasification projects are on track with
commissioning of the first installation in Korea already
underway.
Order books for the balance of the year are healthy.
The Company will announce its interim results for the six months
ending 31 May 2016 on Monday 27 June 2016.
Note (1) Underlying revenue: Revenue excluding the impact of large projects.
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
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