Today’s trading update reassuringly states that trading is in line with market expectations following a solid performance in Q3. Group revenue growth for the nine-month period to the end of September was 54%. This was driven by the acquisition of Balu (20th March 2018) and three additional acquisitions in Q3 and Q4 2017. Importantly, organic growth continues to show good momentum at 6.7%, albeit, this is down on the 9% reported for the six months of the year as the strong growth in H1 h
23 Oct 2018
Q3 trading update
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Q3 trading update
Flowtech Fluidpower plc (FLO:LON) | 95.7 1.3 1.5% | Mkt Cap: 58.8m
- Published:
23 Oct 2018 -
Author:
Andy Hanson -
Pages:
8
Today’s trading update reassuringly states that trading is in line with market expectations following a solid performance in Q3. Group revenue growth for the nine-month period to the end of September was 54%. This was driven by the acquisition of Balu (20th March 2018) and three additional acquisitions in Q3 and Q4 2017. Importantly, organic growth continues to show good momentum at 6.7%, albeit, this is down on the 9% reported for the six months of the year as the strong growth in H1 h