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 |
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| James Mills, Group Finance Director |
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| Buchanan Communications |
| 0207 466 5000 |
| Charles Ryland / Steph Whitmore |
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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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