Porvair lifts profit forecasts

Porvair, the filtration and environmental tech group, has lifted its full year profit forecast as its metals filtration business continues to win market share.

MoneyWeek's avatar
By
published
in Features

Porvair, the filtration and environmental tech group, has lifted its full year profit forecast as its metals filtration business continues to win market share.

The division saw sales 13% ahead of the prior year in the nine months to the end of August, although the growth rate may slow as tougher comparisons kick in for the final quarter.

Article continues below

Try 6 free issues of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

Without giving firm figures, Porvair said profitability by the year's end will be "ahead of market expectations".

Porvair currently has a market cap of £60m and has risen 61% in the last 12 months.

BS

MoneyWeek
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.