4 October 2022
Porvair plc
Trading Update-Ahead of Expectations
Further to the announcement made on 13 September 2022, Porvair plc (“the Group”) announces that following a strong start to the final quarter, Final Results for the 12 months ended 30 November 2022 are likely to be ahead of market expectations.
All three divisions are expected to show growth at a constant currency level at sustained margins, and statutory numbers will also benefit from foreign exchange translation in 2022. Underlying drivers of demand for the Group’s products remain in place: tightening environmental regulation; the growth of analytical science; clean water regulation; the use of aluminium in electric vehicles and recyclable packaging; and the drive to reduce waste in manufacturing. The Group expects to move into 2023 with a strong balance sheet showing positive net cash.
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