Porvair PLC Trading Update (8668O)
June 02 2015 - 2:00AM
UK Regulatory
TIDMPRV
RNS Number : 8668O
Porvair PLC
02 June 2015
For immediate release 2 June 2015
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 31 May
2015 on Monday 29 June 2015.
The Group expects to report underlying revenue growth with
demand at or ahead of expectations in most markets. Interim profits
will be ahead of those reported in 2014. Net cash at 31 May 2015
will be GBP7m higher than at 31 May 2014. As previously reported,
underlying revenues exclude proceeds from the large contracts
recorded in 2014.
The large projects continue to progress smoothly with further
work in the pipeline. As expected, revenues from the large projects
will be lower than the prior year.
Investments have been made to complete and open new plants in
the UK and USA. The expansion of the China facility continues on
schedule and to budget. Order books for the second half are
healthy.
An analyst briefing will be held at 9.30 a.m. at Buchanan, 107
Cheapside, London, EC2V 6DN on the day of the interim results,
Monday 29 June 2015.
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTQFLFBEQFEBBF
Porvair (LSE:PRV)
Historical Stock Chart
From Mar 2024 to Apr 2024
Porvair (LSE:PRV)
Historical Stock Chart
From Apr 2023 to Apr 2024