REG - Porvair PLC - Pre-close trading update and Notice of Results

PorvairAnnouncement

09/12/2021 07:00

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RNS Number : 0291V  Porvair PLC  09 December 2021

For immediate release
 
                      9 December 2021

 

 Porvair plc

 

Pre-close trading update

and

Notice of Results

 

Porvair plc ("Porvair", "the Group" or "the Company"), the specialist
filtration, laboratory and environmental technology group, announces the
following trading update ahead of its close period for the year ended 30
November 2021 and notice of results.

 

Pre-close trading update

Revenue for the year ended 30 November 2021 is expected to be 8% higher than
2020, with lower aerospace revenue offset by growth in laboratory, metal melt
and general industrial segments.

Adjusted earnings per share are expected to be at the top end of market
forecasts. Net cash at the year-end is expected to be £10.2 million (2020:
£4.9 million) after capital investment, dividend payments and acquisition
costs of approximately £9.5 million (2020 £6.5 million). Order books going
into 2022 are healthy.

 

Notice of Results

Porvair will announce its preliminary results for the year ended 30 November
2021 on Monday 31 January 2022.

 

Ends

 

 

For further information, please contact:

 Porvair plc                              01553 765 500
 Ben Stocks, Chief Executive
 James Mills, Group Finance Director
 Buchanan Communications                  0207 466 5000
 Charles Ryland / Steph Whitmore

 

Notes to editors

 

Porvair plc

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.  It operates in three divisions: Aerospace & Industrial;
Laboratory; and Metal Melt Quality.

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