Porvair (PRV)

Sector:

Energy Producers

Index:

FTSE Small Cap

580.00p
   
  • Change Today:
      16.00p
  • 52 Week High: 630.00p
  • 52 Week Low: 480.00p
  • Currency: UK Pounds
  • Shares Issued: 46.17m
  • Volume: 8,171
  • Market Cap: £267.76m
  • RiskGrade: 190

Porvair profit drops as crisis hits demand

By Sean Farrell

Date: Monday 01 Feb 2021

LONDON (ShareCast) - (Sharecast News) - Porvair's annual profit fell as the filtration and environmental technology group suffered declining revenue due to supply constraints and falling orders during the Covid-19 crisis.
Pretax profit dropped 17% to £11.6m in the year to the end of December as revenue fell 7% to £135m. Adjusted pretax profit fell 15% to £12.6m.

Porvair increased its final dividend to 3.3p a share from 3.2p a year earlier taking the annual payout to 5p a share compared with 4.9p a year earlier.

Profit fell most sharply at the aerospace and industrial division, Porvair's biggest business by revenue, where adjusted operating profit dropped 26% to £6.3m. On the same basis, profit rose 2% at the laboratory business to £6.7m.

The company gave no financial guidance with trading difficult to predict and said the next few months could be difficult. Demand from aerospace customers may take longer to recover while others such as laboratories are rebounding strongly, Porvair said.

Ben Stocks, chief executive, said: Until the pandemic recedes near-term trading remains unpredictable and the Group continues to withhold earnings guidance. But the results for the year turned out to be better than initially feared in our contingency planning.

"The next few months may continue to be difficult, but beyond that we are increasingly optimistic. Investments made over the last few years will help margins and the new product development pipeline is strong for the near term."

Porvair shares fell 4.4% to 529.64p at 11:41 GMT.

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

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Porvair Market Data

Currency UK Pounds
Share Price 580.00p
Change Today 16.00p
% Change 2.84 %
52 Week High 630.00p
52 Week Low 480.00p
Volume 8,171
Shares Issued 46.17m
Market Cap £267.76m
RiskGrade 190

Porvair Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
77.12% below the market average77.12% below the market average77.12% below the market average77.12% below the market average77.12% below the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
31.99% below the market average31.99% below the market average31.99% below the market average31.99% below the market average31.99% below the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Income
80.65% below the market average80.65% below the market average80.65% below the market average80.65% below the market average80.65% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
3.74% above the market average3.74% above the market average3.74% above the market average3.74% above the market average3.74% above the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Porvair Dividends

  Latest Previous
  Final Interim
Ex-Div 29-Apr-21 23-Jul-20
Paid 04-Jun-21 28-Aug-20
Amount 3.30p 1.70p

Trades for 23-Jun-2021

Time Volume / Share Price
16:45 1 @ 580.00p
16:12 4 @ 578.00p
16:00 205 @ 572.50p
15:30 851 @ 562.00p
13:54 36 @ 557.00p

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