Stainless steel elements from Porvair.
Stainless steel elements from Porvair.

Porvair plc, the specialist filtration and environmental technologies group, says that its 2018 earnings are forecast to be ahead of management’s expectations.

In a trading update, Porvair said that revenue growth for the year ended 30 November 2018 will be around 10%. Underlying revenue growth should be about 12% overall, with 18% in the Aerospace & Industrial division, 12% in the Laboratory division and 8% in the Metal Melt Quality division.

The company described group order books for the start of the 2019 financial year as healthy.

Net cash at 30 November 2018 was £6.5 million, after capital and acquisition expenditure of approximately £13 million, down from £9.8 million in 2017.

Porvair will announce its preliminary results for the year ended 30 November 2018 on 28 January 2019.