Trading remains in line with FY19 expectations with Group revenue increasing 5.7% to £59.6m (HY18: £56.4m) in H1 19. This consisted of 6.5% in Components to £50.0m (HY18: £46.9m) and 1.4% in Services to £9.6m (HY18: £9.5m). Group organic growth of 2.9% was supplemented by the acquisition of Beaumanor and Derek Lane in March of last year. The slight slowdown in organic growth from the 4% reported in Q1 is not a surprise and the Q2 like for like performance i
12 Jul 2019
Q2 trading update indicates a positive H1 performance
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Q2 trading update indicates a positive H1 performance
Flowtech Fluidpower plc (FLO:LON) | 99.4 1.3 1.4% | Mkt Cap: 61.1m
- Published:
12 Jul 2019 -
Author:
Andy Hanson -
Pages:
7
Trading remains in line with FY19 expectations with Group revenue increasing 5.7% to £59.6m (HY18: £56.4m) in H1 19. This consisted of 6.5% in Components to £50.0m (HY18: £46.9m) and 1.4% in Services to £9.6m (HY18: £9.5m). Group organic growth of 2.9% was supplemented by the acquisition of Beaumanor and Derek Lane in March of last year. The slight slowdown in organic growth from the 4% reported in Q1 is not a surprise and the Q2 like for like performance i