FTSE Small Cap (SMX)

  • Change Today:
  • 52 Week High: 6,066.18
  • 52 Week Low: 5,305.57

Porvair FY earnings seen 'slightly ahead' of management expectations

By Michele Maatouk

Date: Thursday 05 Dec 2019

LONDON (ShareCast) - (Sharecast News) - Filtration and environmental technology group Porvair said on Thursday that full-year earnings were set to be "slightly ahead" of management's expectations thanks to a strong performance from its aerospace and industrial segment.
Revenue for the year to 30 November is expected to be up around 13%, with constant currency revenue growth of 10%, driven by "strong" growth from the aerospace and industrial division.

"Earnings for the year are forecast to be slightly ahead of management's expectations," Porvair said.

Net cash at the end of November stood at £3.9m compared to £6.6m in 2018, after capital and acquisition expenditure of about £14m, and the group order books for the start of the 2020 financial year are "healthy", it said.

At 0955 GMT, the shares were up 5.2% at 610p.

Email this article to a friend

or share it with one of these popular networks:

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.


Price Data

Price 5,914.13
Change Today -88.46
% Change -1.47 %
27-Jan-20 Close 5,914.13

Top Risers

Price Change
HEAD 540.00p +5.5%
SUPP 33.00p +4.9%
FCH 83.20p +3.0%
CLG 263.00p +2.7%
TED 282.20p +2.7%
SDY 80.00p +2.3%
STEM 373.50p +2.2%
KCT 110.00p +1.9%
SERE 114.50p +1.8%
INDV 35.48p +1.7%

Top Fallers

Price Change
AMGO 48.60p -28.5%
PDL 9.37p -12.4%
SQN 56.00p -11.0%
ENQ 24.36p -8.1%
LTI 119,000.00p -7.9%
JMC 336.00p -6.7%
ALM 35.70p -6.7%
SAGA 41.74p -6.4%
BVC 43.70p -5.8%
ATT 1,760.00p -5.3%

Top of Page