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Trading statements

Porvair makes good start to 2016

12 April 2016 07:37

Porvair said it has made a good start to 2016 with overall constant currency revenue growth of 14% in the first four months ended March 31. Underlying revenue growth was 5%. This is in line with management's expectations.

Both divisions have performed well with aerospace, aluminium and bioscience filtration revenues all ahead of the prior period. Seal Analytical also continues to grow.

Trading at TEM, the acquisition completed in December, has been encouraging. A new facility in Ashland, Virginia, to support Microfiltration's business in the US will open in April.

Gasification projects are on track with commissioning of the first installation in Korea already underway.

Order books for the balance of the year are healthy.

Story provided by StockMarketWire.com

Related Company: PRV

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