Porvair PLC Nine Month Trading Update (0774M)

TIDMPRV

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

UPDZZGMLNMFGFZM

(END) Dow Jones Newswires

September 12, 2023 02:00 ET (06:00 GMT)

Porvair (AQSE:PRV.GB)
過去株価チャート
から 10 2024 まで 11 2024