headroom to FY21 estimates
Revenue in the first half was down 7.2% on the same period in 2019 at £55.3m (H119: £59.6m). A good performance as many industrial markets, particularly OEM, have lagged the recovery in consumer and MRO markets. Headwinds of cost inflation and supply chain issues continue to build and are a concern for H2 but FY21 ZC estimates assume a flat performance yoy. This equates to an 8% reduction on the revenue achieved in H2 2019. In terms of profitability, the recovery this ....
03 Aug 2021
Flowtech Fluidpower plc* (FLO LN) - Good demand recovery in H1 provides headroom to FY21 estimates
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Flowtech Fluidpower plc* (FLO LN) - Good demand recovery in H1 provides headroom to FY21 estimates
Flowtech Fluidpower plc (FLO:LON) | 97.5 -0.1 (-0.1%) | Mkt Cap: 60.0m
- Published:
03 Aug 2021 -
Author:
Andy Hanson | Rachel Birkett, CFA -
Pages:
7
headroom to FY21 estimates
Revenue in the first half was down 7.2% on the same period in 2019 at £55.3m (H119: £59.6m). A good performance as many industrial markets, particularly OEM, have lagged the recovery in consumer and MRO markets. Headwinds of cost inflation and supply chain issues continue to build and are a concern for H2 but FY21 ZC estimates assume a flat performance yoy. This equates to an 8% reduction on the revenue achieved in H2 2019. In terms of profitability, the recovery this ....