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Positive trading update from Porvair

Filtration group Porvair plc expects to report revenue growth of around 13% for the year ended 30 November 2019.

In a trading update ahead of its close period for fiscal 2019, Porvair said constant currency growth will be around 10%, driven by the Aerospace & Industrial division.

Earnings for the year should be slightly ahead of management's expectations.

Net cash on 30 November 2019 was £3.9 million, after capital and acquisition expenditure of approximately £14 million.

Porvair said group order books for the start of the 2020 financial year are healthy.

The company will announce its preliminary results for the year ended 30 November 2019 on 3 February 2020.