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Pin to quick picksPorvair Regulatory News (PRV)

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Market Cap: £373.38m
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Trading Update

6 Dec 2010 07:00

RNS Number : 3716X
Porvair PLC
06 December 2010
 



For immediate release 6 December 2010

 

Porvair plc ("Porvair")

Trading update

 

Porvair, the specialist filtration and environmental technologies group, makes the following announcement regarding trading in the year ended 30 November 2010:

 

The Board will report results ahead of expectations for the year. Porvair continued to trade well in the final quarter of 2010. Revenues for the year, at constant exchange rates, are expected to be 15% higher than the prior year and profit before tax is expected to be well ahead of the prior year. Strong cash flows have reduced net borrowings by 30% to below £10m.

 

The Metals Filtration division's revenue will be over 20% higher than the prior year. Operating profit has improved significantly compared with the prior year as a result of revenue growth; the benefit of a lower cost base; and higher margins from next generation products.

 

The Microfiltration division's revenue growth will be around 10% higher than the prior year. Most market segments have performed in line with management expectations, with aviation filtration revenue growing steadily in the second half of the year. Sales into energy markets, both gasification and nuclear, have been strong. Seal Analytical has consolidated the gains made in 2009 and has continued to perform well in 2010.

 

Order books across the Group for the first quarter of 2011 are at satisfactory levels.

 

Porvair will be announcing its preliminary results for the year ended 30 November 2010 on Tuesday 25 January 2011.

 

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 / Helen Chan

 

 

Notes to editors

 

Porvair plc

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 design and manufacture of filtration systems using ceramic, metal, plastic and carbon media. Its Seal Analytical business is a market leader in the manufacture of laboratory based water analysis equipment.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTEXLFBBLFLFBZ
Date   Source Headline
31st May 20071:10 pmRNSNotice of Results
18th Apr 20071:04 pmRNSResults of AGM
17th Apr 20077:02 amRNSRe Contract
19th Mar 20076:23 pmRNSHolding in Company
19th Mar 20076:18 pmRNSHolding in Company
13th Feb 20073:54 pmRNSHolding(s) in Company
8th Feb 20077:00 amRNSContract Win
5th Feb 20075:45 pmRNSHolding(s) in Company
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
15th Nov 200611:30 amRNSHolding(s) in Company
13th Nov 20065:47 pmRNSHolding(s) in Company
3rd Oct 20069:21 amRNSChange of Adviser
13th Jul 20065:07 pmRNSHolding(s) in Company
4th Jul 20067:01 amRNSInterim Results
20th Jun 20069:48 amRNSNotice of Results
19th May 20067:00 amRNSTransition to IFRS
11th May 20064:17 pmRNSHolding(s) in Company
5th May 200611:24 amRNSSAR 3 - Porvair Plc
21st Apr 20064:31 pmRNSRetirement of Chairman
22nd Mar 20062:37 pmRNSAdditional Listing
8th Mar 20065:16 pmRNSAnnual Report & Accounts, etc
21st Feb 20063:30 pmRNSHolding(s) in Company
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
2nd Dec 20051:25 pmRNSHolding(s) in Company
22nd Nov 20056:17 pmRNSHolding(s) in Company
21st Nov 20055:17 pmRNSDirector/PDMR Shareholding
18th Nov 20053:34 pmRNSResult of EGM
27th Oct 20054:12 pmRNSProposed Acquisition
31st Aug 20053:13 pmRNSHolding(s) in Company
10th Aug 20056:18 pmRNSHolding(s) in Company
3rd Aug 200510:31 amRNSHolding(s) in Company
1st Aug 200512:01 pmRNSSAR 3 - Porvair Plc
26th Jul 200512:56 pmRNSHolding(s) in Company
26th Jul 200511:25 amRNSNotice of Filing
25th Jul 200511:28 amRNSSAR 3 - Porvair
28th Jun 20057:00 amRNSInterim Results
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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