Macro conditions remain favourable and this has supported organic revenue growth of 9.1% in H1/FY2018. With the benefit of strategic acquisitions, sales increased by 66% to £56.5m, and this underpins our FY2018 revenue and profit expectations. Gross margins are also noted as strong. The acquisition of Balu in March for £10.2m, alongside the major investment in the Group’s Skelmersdale facility in 2017 has positioned Flowtech to drive significant further scale over the medium
17 Jul 2018
Sustained growth in H1/FY2018
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Sustained growth in H1/FY2018
Flowtech Fluidpower plc (FLO:LON) | 97.6 2 2.1% | Mkt Cap: 60.0m
- Published:
17 Jul 2018 -
Author:
Andy Hanson -
Pages:
8
Macro conditions remain favourable and this has supported organic revenue growth of 9.1% in H1/FY2018. With the benefit of strategic acquisitions, sales increased by 66% to £56.5m, and this underpins our FY2018 revenue and profit expectations. Gross margins are also noted as strong. The acquisition of Balu in March for £10.2m, alongside the major investment in the Group’s Skelmersdale facility in 2017 has positioned Flowtech to drive significant further scale over the medium