FY16 revenue of £53.8m (FY15: £44.8m) led to adj PBT of £7.0m both in line with updated expectations. In addition to FY16 results the company has also released a trading update for Q117. Importantly, the year has started brightly with Group revenue growth of 32%. Whilst underpinned by three acquisitions completed during FY16, underlying performance across the business has been solid despite cost input pressures. The recent fund raising (10th March) raised a net c. £9.6
04 Apr 2017
FY16 in line; strong start to FY17 with further acquisitions poised to drive earnings growth
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
FY16 in line; strong start to FY17 with further acquisitions poised to drive earnings growth
Flowtech Fluidpower plc (FLO:LON) | 111 0 0.0% | Mkt Cap: 68.1m
- Published:
04 Apr 2017 -
Author:
Andy Hanson -
Pages:
10
FY16 revenue of £53.8m (FY15: £44.8m) led to adj PBT of £7.0m both in line with updated expectations. In addition to FY16 results the company has also released a trading update for Q117. Importantly, the year has started brightly with Group revenue growth of 32%. Whilst underpinned by three acquisitions completed during FY16, underlying performance across the business has been solid despite cost input pressures. The recent fund raising (10th March) raised a net c. £9.6