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AGM Statement and Trading Update

14 Apr 2015 07:00

RNS Number : 0662K
Porvair PLC
14 April 2015
 



FOR IMMEDIATE RELEASE 14 April 2015

 

 

Porvair plc

 

AGM Statement and Trading Update

 

Porvair plc ("Porvair"), the specialist filtration and environmental technology group will today, 14 April 2015, make the following Trading Statement at its Annual General Meeting:

Porvair has made a good start to 2015 with underlying revenue 6% ahead of the same period in the prior year.

As previously explained, there will not be a recurrence in 2015 of the unusually high revenues recognised from several large projects in 2014. Total revenues are therefore 4% lower than the prior year, just ahead of management expectation.

Underlying revenue in Microfiltration was 7% ahead of the prior year and new facilities in New Milton, UK and Caribou, Maine have been completed on time and budget and brought on stream to accommodate growth. The large projects continue to progress well. Metals Filtration's revenue was 5% ahead of the prior year (3% lower in constant currency). Expansion in Wuhan, China is underway.

The outlook is encouraging with orders books remaining strong.

The Company will be announcing its interim results for the six months ending 31 May 2015 on Monday 29 June 2015.

 

 

For further information, please contact:

 

Porvair plc

01553 765 500

Ben Stocks, Chief Executive

Chris Tyler, Group Finance Director

Buchanan Communications

0207 466 5000

Charles Ryland / Stephanie Watson

 

Notes to Editors:

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. Its principal markets are aviation, energy and industrial process, environmental laboratories and non-ferrous metals.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCSFEFIDFISEFL
Date   Source Headline
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17th Apr 20077:02 amRNSRe Contract
19th Mar 20076:23 pmRNSHolding in Company
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8th Feb 20077:00 amRNSContract Win
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30th Jan 20077:01 amRNSBoard Appointment
30th Jan 20077:01 amRNSPreliminary Results
22nd Jan 20077:01 amRNSAcquisition
19th Dec 20067:01 amRNSTotal Voting Rights
15th Dec 20065:14 pmRNSTransaction in Own Shares
11th Dec 20067:01 amRNSTrading Update
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13th Nov 20065:47 pmRNSHolding(s) in Company
3rd Oct 20069:21 amRNSChange of Adviser
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20th Jun 20069:48 amRNSNotice of Results
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22nd Mar 20062:37 pmRNSAdditional Listing
8th Mar 20065:16 pmRNSAnnual Report & Accounts, etc
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10th Feb 20063:04 pmRNSAdditional Listing
24th Jan 20064:23 pmRNSHolding(s) in Company
24th Jan 20067:00 amRNSFinal Results
21st Dec 200511:32 amRNSDirector/PDMR Shareholding
7th Dec 200511:13 amRNSNotice of Results
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22nd Nov 20056:17 pmRNSHolding(s) in Company
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27th Oct 20054:12 pmRNSProposed Acquisition
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13th Jun 20057:00 amRNSSupply Agreement Win
9th Jun 20054:33 pmRNSNotice of Results
6th May 20056:08 pmRNSHolding(s) in Company-Replace
6th May 20055:20 pmRNSHolding(s) in Company
17th Mar 20052:48 pmRNSHolding(s) in Company
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