REG - Porvair PLC - AGM Statement and Trading Update <Origin Href="QuoteRef">PORV.L</Origin>

PorvairAnnouncement

12/04/2016 07:00

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, 12April 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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