Revenue increased 42% to £111.1m (FY17: £78.3m) with organic growth a pleasing 5.7%. Adj. operating profit of £11.4m (FY17: £9.1m) improved £2.3m in absolute terms, a 25% increase yoy. Margin decreased 130bps to 10.3% due to the lower margin businesses joining the Group through acquisition. Forecasts assume a conservative 50bp margin recovery in FY19. Trading in the new year has been encouraging with Group revenue increasing 14% and organic growth of 4.0%. The sh
16 Apr 2019
Solid FY18 results and a good start to FY19
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Solid FY18 results and a good start to FY19
Flowtech Fluidpower plc (FLO:LON) | 99.4 0 0.0% | Mkt Cap: 61.1m
- Published:
16 Apr 2019 -
Author:
Andy Hanson -
Pages:
9
Revenue increased 42% to £111.1m (FY17: £78.3m) with organic growth a pleasing 5.7%. Adj. operating profit of £11.4m (FY17: £9.1m) improved £2.3m in absolute terms, a 25% increase yoy. Margin decreased 130bps to 10.3% due to the lower margin businesses joining the Group through acquisition. Forecasts assume a conservative 50bp margin recovery in FY19. Trading in the new year has been encouraging with Group revenue increasing 14% and organic growth of 4.0%. The sh