Porvair PLC Trading Update (9556Z)
June 02 2016 - 2:00AM
UK Regulatory
TIDMPRV
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 GBP7.0m.
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.
This information is provided by RNS
The company news service from the London Stock Exchange
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