Porvair said on Tuesday that results for the year to 30 November are set to be ahead of market expectations following a strong start to the final quarter.
The company, which specialises in filtration and environmental technology, said all three divisions are expected to show growth at a constant currency level at sustained margins, while statutory numbers will also benefit from foreign exchange translation in 2022.
“Underlying drivers of demand for the group’s products remain in place: tightening environmental regulation; the growth of analytical science; clean water regulation; the use of aluminium in electric vehicles and recyclable packaging; and the drive to reduce waste in manufacturing,” It said.
“The group expects to move into 2023 with a strong balance sheet showing positive net cash.”
