This morning’s AGM statement confirms that trading since the FY15 results announcement (12th April) has remained resilient and is on track to meet FY16 market expectations. FY16 will mark the third year of strong growth reflected in the three year CAGR in revenue of 19.4% and in EPS of 20.0%. This has been driven through five acquisitions since the IPO that have materially increased the scale of the business. With net/debt to EBITDA of 1.4x forecast for FY16, there remains capacity to u
01 Jun 2016
Good performance year to date and shares still looks cheap
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Good performance year to date and shares still looks cheap
Flowtech Fluidpower plc (FLO:LON) | 97.6 2 2.1% | Mkt Cap: 60.0m
- Published:
01 Jun 2016 -
Author:
Andy Hanson -
Pages:
7
This morning’s AGM statement confirms that trading since the FY15 results announcement (12th April) has remained resilient and is on track to meet FY16 market expectations. FY16 will mark the third year of strong growth reflected in the three year CAGR in revenue of 19.4% and in EPS of 20.0%. This has been driven through five acquisitions since the IPO that have materially increased the scale of the business. With net/debt to EBITDA of 1.4x forecast for FY16, there remains capacity to u