Porvair PLC Nine Month Trading Update (0774M)

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