Revenue is expected to be £111.1m an increase of 42% yoy in constant currency. This is 3.3% ahead of the £107.5m ZC forecast and has been driven by a strong performance in the last two months of the year from the lower margin PMC division. Importantly, organic revenue growth is estimated to have been a solid 6%. Profitability is stated at between £10.6m and £10.8m, the ZC forecast is between the range at £10.7m. The good performance from the PMC division and an i
31 Jan 2019
FY18 pre-close: revenue ahead, profit in line with expectations
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FY18 pre-close: revenue ahead, profit in line with expectations
Flowtech Fluidpower plc (FLO:LON) | 111 0 0.0% | Mkt Cap: 68.1m
- Published:
31 Jan 2019 -
Author:
Andy Hanson -
Pages:
8
Revenue is expected to be £111.1m an increase of 42% yoy in constant currency. This is 3.3% ahead of the £107.5m ZC forecast and has been driven by a strong performance in the last two months of the year from the lower margin PMC division. Importantly, organic revenue growth is estimated to have been a solid 6%. Profitability is stated at between £10.6m and £10.8m, the ZC forecast is between the range at £10.7m. The good performance from the PMC division and an i