Today’s trading statement states that revenue in FY15 was £44.7m (FY14: £37.8m), an 18.0% increase YoY and, broadly in line with our forecast of £46.2m. With margins in line with expectations, we estimate FY15 PBT will be c. £6.7m, growth of 12.3% on the performance in FY14. FY16 and FY17 forecasts are unchanged apart from a lowering of net debt assumptions. The strong performance in FY15 needs to be put in the context of difficult UK industrial markets that led
18 Jan 2016
Good performance in a difficult market
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Good performance in a difficult market
Flowtech Fluidpower plc (FLO:LON) | 112 -0.6 (-0.4%) | Mkt Cap: 68.6m
- Published:
18 Jan 2016 -
Author:
Andy Hanson -
Pages:
6
Today’s trading statement states that revenue in FY15 was £44.7m (FY14: £37.8m), an 18.0% increase YoY and, broadly in line with our forecast of £46.2m. With margins in line with expectations, we estimate FY15 PBT will be c. £6.7m, growth of 12.3% on the performance in FY14. FY16 and FY17 forecasts are unchanged apart from a lowering of net debt assumptions. The strong performance in FY15 needs to be put in the context of difficult UK industrial markets that led