Porvair (PRV) has upgraded its full-year earnings forecast, as encouraging underlying performance in the company’s aerospace and industrial, laboratory and melt metal quality divisions have all contributed to revenues that are expected to grow around 10 per cent.
A good end to the year for the specialist filtration and environmental technology company, whose order books are “healthy” for the start of the 2019 financial year. A handful of acquisitions and capital expenditure, coming to £13m in total, have put a small dent in the company’s cash position this year, which is reduced to £6.5m from £9.8m. Not a problem, as far as we're concerned – at the time of Keystone Filter's acquisition, the industrial filter cartridge manufacturer was expected to bring in over £4m in revenues from existing customers alone.
