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Porvair PLC on Tuesday said it has performed in line with expectations in the first four months of its financial year. Ahead of Tuesday’s annual general meeting, the Norfolk, England-based environmental and specialist filtration technology firm reported constant currency revenue growth of 5% for the four months to the end of March. It said market conditions remained varied across its end markets in the first four months of the financial year. Aerospace order books ‘remain strong’, Porvair said, while ‘robust’ nuclear demand in the second half of 2025 has continued into the current year. ‘Petrochemical sales, which can be lumpy, are lower compared with a strong prior period, and conditions in the European petrochemical market are expected to remain subdued throughout 2026,’ Porvair added. The firm noted that consumables order patterns remain steady within life sciences, while environmental demand for instruments is in line with the prior year. ‘Aluminium and superalloys demand remains firm, whilst the auto, truck and agriculture end-markets, which represent a smaller part of the group, remain subdued,’ Porvair said. It said the new £5.5 million aluminium cast house manufacturing line in Hendersonville, US, remains on track for commissioning in the first half of 2026. The integration of Drache is ‘progressing well’, with trading in line with the pre-acquisition investment case. Porvair said it is ‘closely monitoring’ the situation in the Middle East, for both macro uncertainty and rising input prices. ‘The board’s expectations of the group’s full year performance remain unchanged, supported by a diversified customer base, strong recurring revenue streams and disciplined operational management,’ the firm said. The firm added that an increased focus on identifying merger & acquisition targets has ‘surfaced some interesting prospects’ which are being evaluated. Porvair noted that it sees no change in its long-term strategic outlook or global growth drivers. Shares in Porvair were up 3.2% at 745.35 pence on Tuesday morning in London. The company will announce its interim results for the six months to the end of May on June 29. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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