4th Oct 2022 11:57
Porvair PLC - Hampshire, England-based manufacturer focused on filtration and separation technology - Expects results for financial year ending November 30, 2022, to be ahead of market expectations. Says all three of its divisions are expected to show growth at a constant currency level at sustained margins. "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," it adds.
Adds that it expects to move into 2023 with a strong balance sheet, with positive net cash.
Current stock price: 516.00 pence, up 3.2% on Tuesday midday in London
12-month change: down 16%
By Sophie Rose; [email protected]
Copyright 2022 Alliance News Limited. All Rights Reserved.