Porvair nine-month revenue up 8%; order book 'generally healthy'

Writer, Stock Market Wire
Tuesday, September 18, 2018 - 09:41

Specialist filtration and environmental technologies group Porvair said it grew revenue by 8% in the nine months through August on-year.

Underlying revenue growth was up 11%, while pre-tax profit was in line with management expectations, the company said.

The acquired Keystone Filter operations had been moved to the group's Ashland facility in Vriginia and production had started as planned.

'Order books are generally healthy, with order intake strong in the third quarter, notably in aerospace and industrial and laboratory,' Porvair said.

At 9:41am: (LON:PRV) Porvair PLC share price was -13.5p at 502.5p


Related content

Filtration firm Porvair is a reliable business built on large recurring revenues

Author: 

With roots in the engineering world Porvair (PRV:AIM) has emerged as quite the expert in the filtration process. It has earned a reputation...

Thu, 26/09/2019 - 00:00


Broker Forecast - Peel Hunt issues a broker note on Porvair PLC

Peel Hunt today reaffirms its buy investment rating on Porvair PLC (LON:PRV) and raised its price target to 600p (from 590p).

Broker Forecasts data provided...

Fri, 06/09/2019 - 08:00


Porvair buys Royal Dahlman for €7.75m

Filtration and environmental technologies group Porvair said it had acquired 100% of Dutch industrial filtration business Royal Dahlman for a cash consideration of €7.75m.

Based...

Thu, 05/09/2019 - 08:08


Broker Forecast - Shore Capital issues a broker note on Porvair PLC

Shore Capital today reaffirms its buy investment rating on Porvair PLC (LON:PRV) and raised its price target to 610p (from 550p).

Broker Forecasts data provided...

Thu, 27/06/2019 - 08:00


Porvair profit jumps 41% on higher aerospace revenue

Filtration and environmental technology group Porvair booked a 41% rise in first-half profit, driven by strength at its aerospace division.

Pre-tax profit for the six...

Mon, 24/06/2019 - 09:15