20 Apr 2021
Flowtech Fluidpower (FLO LN) - Profitable performance in FY20 with important operational milestones met
Revenue of £95.1m (FY19: £112.4m) was down 15.4% yoy reflecting the impact of the pandemic. Trading materially improved throughout the year, H1 revenue was down 21.8%, reflecting the severity of the first lockdown in the Spring, whilst H2 was down just 8%. The run rate in Q4 appears to have been c. -5%, a material improvement on the 15% decline in Q3, and trading in the new financial year has started brightly, albeit below FY19 levels. Adj operating profit of £1.1m was impacted by specific issue ....
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Flowtech Fluidpower (FLO LN) - Profitable performance in FY20 with important operational milestones met
Flowtech Fluidpower plc (FLO:LON) | 97.5 -0.1 (-0.1%) | Mkt Cap: 60.0m
- Published:
20 Apr 2021 -
Author:
Andy Hanson -
Pages:
11
Revenue of £95.1m (FY19: £112.4m) was down 15.4% yoy reflecting the impact of the pandemic. Trading materially improved throughout the year, H1 revenue was down 21.8%, reflecting the severity of the first lockdown in the Spring, whilst H2 was down just 8%. The run rate in Q4 appears to have been c. -5%, a material improvement on the 15% decline in Q3, and trading in the new financial year has started brightly, albeit below FY19 levels. Adj operating profit of £1.1m was impacted by specific issue ....