Porvair PLC Pre-close trading update and Notice of Results (0291V)

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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 GBP10.2 million (2020: GBP4.9 million) after capital investment, dividend payments and acquisition costs of approximately GBP9.5 million (2020 GBP6.5 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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December 09, 2021 02:00 ET (07:00 GMT)

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