REG - Porvair PLC - Nine Month Trading Update

PorvairAnnouncement

12/09/2023 07:00

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RNS Number : 0774M  Porvair PLC  12 September 2023

For immediate
release
              12 September 2023

 

Porvair plc

 

Nine Month Trading Update

Porvair plc ("Porvair" or the "Group"), the specialist filtration, laboratory
and environmental technology group, announces the following trading update for
the nine months ended 31 August 2023.

The Group has continued to trade satisfactorily in the third quarter. As
discussed at the half year, order intake across aerospace, petrochemical and
water analysis markets remains robust. We continue to see de-stocking in
industrial and laboratory consumables, but there have been some signs in
recent weeks of this ameliorating and lead times returning to normal. The
Board expects full year earnings to be above those for 2022.

Porvair's long-term earnings record is supported by established global trends:
tightening environmental regulations; growth in analytical science; the need
for clean water; carbon-efficient transportation; the replacement of plastic
and steel with aluminium; and the drive for manufacturing process quality and
efficiency.

For further information please
contact:

 

 Porvair plc
 Ben Stocks, Chief Executive                   01553 765 500
 James Mills, Group Finance Director

 Buchanan Communications                       0207 7466 5000
 Charles Ryland / Simon Compton / Jack Devoy

 

Notes to Editors

Porvair is a group of specialist filtration, laboratory 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. It operates in three divisions: Aerospace &
Industrial; Laboratory; and Metal Melt Quality.

 

 

 

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