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Porvair ( (GB:PRV) ) has issued an announcement.
Porvair plc reported record revenues and profits for the fiscal year ending November 2024, with revenue increasing by 9% to £192.6 million and operating profit rising by 8%. The company experienced strong performance in aerospace and petrochemical markets, which offset weaker demand in laboratory and industrial consumables. Despite mixed trading conditions, Porvair’s consistent strategy and focus on markets with growth drivers have enabled it to maintain robust financial results. Looking forward, the company anticipates new product launches and expanded manufacturing capabilities, alongside a management transition with new leadership poised to continue building on its successful model.
More about Porvair
Porvair plc is a specialist group focused on filtration, laboratory, and environmental technology. The company operates in markets driven by long-term secular growth trends such as environmental regulation, analytical science, and the need for clean water. Porvair is committed to providing innovative solutions for industries like aerospace and petrochemicals, and it has consistently maintained its strategy since 2004.
YTD Price Performance: -4.23%
Average Trading Volume: 40,309
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £312.8M
For a thorough assessment of PRV stock, go to TipRanks’ Stock Analysis page.