- Porvair
- 10 February 2025 10:02:03
Source: Sharecast
Porvair said revenues were up 9% at £192.6m, while adjusted operating profits grew 8% to £24.5m and adjusted pre-tax profits improved 6% to £22.7m. Adjusted basic earnings per share were 4% higher at 38.6p.
The London-listed group noted that trading conditions were mixed throughout FY24, with strength in aerospace and petrochemical markets offsetting weakness in laboratory and industrial consumables.
As a result, Porvair recommended a final dividend of 4.0p per share, up from FY23’s final dividend of 4.0p, bringing the group’s FY dividend to 6.3p, up from 6.0p for FY23.
Chief executive Ben Stocks said: "The group's strategy, unchanged since 2004, continues to deliver consistent results despite some end-market inconsistency.
"In the nearer term, there is much to look forward to in 2025: new product introductions in aerospace, Seal Analytical and Kbiosystems; the installation of a new manufacturing line for aluminium filtration; industrial demand recovery in the US; and increased Laboratory in-house manufacturing through Hungary. "
As of 1000 GMT, Porvair shares were up 1.76% at 692.0p.
Reporting by Iain Gilbert at Sharecast.com