7th Dec 2015 07:44
LONDON (Alliance News) - Filtration and environmental technologies company Porvair PLC on Monday said its underlying revenue for the year to the end November was ahead of targets and its earnings will beat market expectations.
Porvair said its total revenue for the year will be around 7.0% lower year-on-year, due to large orders secured a year earlier not repeating. But stripping out those one-off orders, underlying revenue has been strong, with Microfiltation division revenue up 10% year-on-year and Metals Filtration revenue up 3.0%.
The group said its order book for the newly-started financial year is strong, giving its confidence on its outlook for the 2016 financial year.
Porvair will publish its results for the year to November 30 on January 25.
By Sam Unsted; [email protected]; @SamUAtAlliance
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