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Porvair reports stable Q3 performance, demand drivers unchanged
(Sharecast News) - Specialist filtration and environmental technology firm Porvair said it has continued to "trade satisfactorily" in the third quarter.
Porvair said market trends had remained consistent with those set out at the time of its interim results, with the company continuing to monitor "macroeconomic uncertainty". It also noted that its manufacturing footprint mainly serves local customers.
The London-listed group also highlighted that its "fundamental demand drivers" had not changed and said it remains well positioned to take advantage of tightening environmental regulation, the growth of analytical science, the need for clean water, the development of carbon-efficient transportation, the replacement of plastic and steel by aluminium, and the drive for manufacturing process quality and efficiency.
As of 0930 BST, Porvair shares were up 0.28% at 714p.
Reporting by Iain Gilbert at Sharecast.com
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