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Pin to quick picksPorvair Regulatory News (PRV)

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830.00    14.00 (1.72%)
Bid:
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828.00
Spread: 4.00 (0.485%)
Market Cap: £382.60m
PRV Live PriceLast checked at - London Stock Exchange

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Trading Statement

4 Jun 2008 07:00

RNS Number : 8796V
Porvair PLC
04 June 2008
ย 

๏ปฟ

For immediate release 4 June 2008

Porvair plc ("Porvair" or "the Group")

ย 

Trading Update

Porvair, the specialist filtration and environmental technologies group, today issues a trading update for the six months ended 31 May 2008.

ย 

Theย Group has performed well during the first half of 2008.ย ย Revenue growth is expected to exceed 10% with both divisions contributing.ย Operating profit in the period is also expected to show double-digit

percentageย growth, in line withย market expectations.

During the period the Group has invested in organic growth opportunities and acquisitions. Toolturn, the engineering business acquired in March, is integrating well.ย ย The expansion of aviation filtration capacity was finished on time and within budget.ย Several of the Group's key growth projects are now contributing to sales and profitsย and their forward orders underpinย the Board's expectations for future growth.

ย 

Current order books are healthy andย Porvair remainsย active in lookingย at furtherย acquisitionsย which complement the Group's current activities.

ย 

The Company will be announcing its interim results for the six months ended 31 May 2008 on Tuesday, 24

June 2008.ย There will be an analyst briefingย atย 9.30 am at Buchanan Communications, 45

Moorfields,ย London,ย EC2Y 9AE.ย 

For more information,ย pleaseย contact:

Porvair plc

Ben Stocks, Chief Executive

01553 765 500

Chris Tyler, Group Finance Director

01553 765 500

Buchanan Communications

0207 466 5000

Charles Rylandย / Susanna Galeย 

Notes to editors:

Porvair is a group of specialist filtration and environmental technology businesses. Its products are used in a

range of niche filtration markets, and are derived from its expertise in the development and manufacture of

porous and microporous ceramics, metals, plastics and carbons.

This information is provided by RNS
The company news service from the London Stock Exchange
ย 
END
ย 
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