Porvair PLC AGM Trading Update (0663L)
April 17 2018 - 2:00AM
UK Regulatory
TIDMPRV
RNS Number : 0663L
Porvair PLC
17 April 2018
FOR IMMEDIATE RELEASE 17 April 2018
AGM Trading Update
Porvair plc ("Porvair" or "the Group"), the specialist
filtration and environmental technology group, will make the
following trading update today at its Annual General Meeting:
Porvair has made a good start to 2018 achieving revenue growth
of 9% in the four months ended 31 March 2018. Profits for the
period are in line with management's expectations. Order books are
healthy.
On 7 December 2017, the Laboratory division acquired Rohasys
B.V. This small acquisition brings robotic sample handling
expertise to the division, which enhances the Group's growing
bioscience sample preparation capabilities. It is performing as
expected and creating interest amongst the Laboratory division's
customers.
On 28 February 2018, the Aerospace and Industrial division
acquired the goodwill, business and trading assets of Keystone
Filter ("Keystone") for cash. Keystone designs and manufactures a
range of filter cartridges and housings for the food and beverage,
drinking water, and chemical process markets in the US. Plans to
move the operation to our plant in Virginia are on track.
The Group will announce its interim results for the six months
ending 31 May 2018 on Monday 25 June 2018.
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 / Steph Watson
Notes to Editors:
Porvair is a group of specialist filtration, separation and
environmental technologies businesses. Its products are used in a
range of niche filtration and separation markets and are derived
from its expertise in the design and manufacture of filtration and
separation systems. From the 2018 financial year it is organised
into three divisions: Aerospace & Industrial; Laboratory; and
Metal Melt Quality.
This information is provided by RNS
The company news service from the London Stock Exchange
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