focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE
Stephen Yiu, FM at WS Blue Whale, discusses Nvidia, Visa/Mastercard, Lam Research & Allied Materials
Stephen Yiu, FM at WS Blue Whale, discusses Nvidia, Visa/Mastercard, Lam Research & Allied MaterialsView Video
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to mining
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to miningView Video

Latest Share Chat

AGM Trading Update & Board Update

16 Apr 2024 07:00

RNS Number : 6903K
Porvair PLC
16 April 2024
 

 

 

 

For immediate release 16 April 2024

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

 

AGM Trading Update

Board Update

Porvair plc, the specialist filtration, laboratory and environmental technology group, will make the following trading statement at its Annual General Meeting later today at 11:00 a.m.

At the time of the results statement in early February the Board noted its optimism for 2024 and beyond, and this has not changed. Opportunities afforded by recent acquisitions; strong order books in aerospace and petrochemical; and new product introductions at Seal Analytical are all developing as planned. De-stocking in laboratory markets is easing and lead times are returning to more normal levels. Industrial consumable order patterns, while still weaker than the prior year, are now also steadier, with several large orders, including one for gasification spares, due to ship at the end of the year and into 2025. As outlined in February, the Board expects a quieter first half of 2024 to be followed by a stronger second half, in line with market expectations.

With the Group trading well, Ben Stocks has indicated his intention to retire in early 2025 once a successor has been appointed and settled into the role. The Nominations Committee has started a search both internally and externally and will report progress as appropriate.

The Group will announce its interim results for the six months ending 31 May 2024 on Monday 1 July 2024.

 

For further information, please contact:

 

Porvair plc

Ben Stocks, Group Chief Executive

01553 765 500

James Mills, Group Finance Director

Buchanan Communications

020 7466 5000

Charles Ryland / Stephanie Whitmore

 

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.

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
TSTFLFIRSDIELIS

Related Shares

Back to RNS

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.