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Porvair PLC - Hampshire, England-based manufacturer focused on filtration and separation technology - Expects results for financial year ending November 30, 2022, to be ahead of market expectations. Says all three of its divisions are expected to show growth at a constant currency level at sustained margins. ‘Underlying drivers of demand for the group's products remain in place: tightening environmental regulation; the growth of analytical science; clean water regulation; the use of aluminium in electric vehicles and recyclable packaging; and the drive to reduce waste in manufacturing,’ it adds.
Adds that it expects to move into 2023 with a strong balance sheet, with positive net cash.
Current stock price: 516.00 pence, up 3.2% on Tuesday midday in London
12-month change: down 16%
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