Porvair Sees Rise In FY22 Revenue, Profitability

Porvair Plc (PRV.L), a British environmental technology group, said in a trading update for the year ended on November 30 that it expects a rise in revenue and an increased profitability, supported by favorable foreign exchange.

For the 12-month period, the company expects an annual revenue growth of 18 percent, with all three divisions ahead and margins sustained. For the fiscal 2021, the company had generated revenue of 146.3 million pounds.

The company has also noted that its adjusted income per share is expected to be ahead of market forecasts, with sound underlying profitability being supported by favorable foreign exchange.

Porvair had reported adjusted EPS of 25.2 pence for the year ended on November 30, 2021.

"Order books going into 2023 are healthy and lead times seem to be returning to more normal levels," the company said in a statement.

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