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Porvair to beat expectations

The filtration specialist experienced strong performance in its aerospace and industrial division
December 5, 2019

Specialist filtration business Porvair (PRV) announced that it expects to beat its full-year expectations, securing 13 per cent revenue growth, or 10 per cent on a constant currencies business. Porvair’s strong performance has been driven by gains in its aerospace and industrial division.

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Despite £14m of investment, Porvair’s net cash position will come in at £3.9m, ahead of house broker Peel Hunt’s forecast level of £1.8m.  

Peel Hunt forecasts full-year 2019 adjusted pre-tax profits and earnings per share of £14.8m and 24.9p, rising to £15.1m and 25.5p in 2020.