Porvair (AIM:PRV) PLC, the manufacturer of filtration products, expects full-year results for the year-end to 30 November 2022 to be ahead of market expectations.
According to a trading update, the company made a strong start to the final quarter with all three of its divisions showing “growth at a constancy currency level at sustained margins”.
Underlying drivers of demand for its products remain in place, which includes a tightening of environmental regulation, growing analytic science and clean water among other factors, it said.
“The group expects to move into 2023 with a strong balance sheet showing positive net cash,” it added.