A good set of FY15 results with revenue increasing 18.7% to £44.8m (FY14: £37.8m) and EBITA of £6.9m (FY14: £6.1m) up 11.7% yoy feeding through to £6.7m of PBT. The dividend increases 5.0%, in line with management’s stated aim at the time of IPO (21st May 2014). Importantly operating margins remain high, and materially ahead the majority of the distribution peer group, at 15.3% despite the addition of lower margin acquisitions and the difficulties in the UK
12 Apr 2016
Strong growth and acquisitions reduce forecast earnings risk
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Strong growth and acquisitions reduce forecast earnings risk
Flowtech Fluidpower plc (FLO:LON) | 95.6 0 0.0% | Mkt Cap: 58.8m
- Published:
12 Apr 2016 -
Author:
Andy Hanson -
Pages:
11
A good set of FY15 results with revenue increasing 18.7% to £44.8m (FY14: £37.8m) and EBITA of £6.9m (FY14: £6.1m) up 11.7% yoy feeding through to £6.7m of PBT. The dividend increases 5.0%, in line with management’s stated aim at the time of IPO (21st May 2014). Importantly operating margins remain high, and materially ahead the majority of the distribution peer group, at 15.3% despite the addition of lower margin acquisitions and the difficulties in the UK