Flowtech Fluidpower (FLO)

Sector:

Engineering

Index:

FTSE AIM All-Share

 84.30p
   
  • Change Today:
      0.000p
  • 52 Week High: 121.00
  • 52 Week Low: 73.60
  • Currency: UK Pounds
  • Shares Issued: 63.28m
  • Volume: 57
  • Market Cap: £53.34m
  • RiskGrade: 187
  • Beta: 0.29

Flowtech Fluidpower records further organic growth, reduces net debt

By Iain Gilbert

Date: Friday 12 Jul 2019

LONDON (ShareCast) - (Sharecast News) - Technical fluid power products supplier Flowtech Fluidpower achieved further organic growth and reduced net debt during the first half of its trading year.
Flowtech Fluidpower reported organic growth of 2.9% on Friday and also revealed it had cut net debt by 5.53% to £18.8m for the six months ended 30 June.

The AIM-listed group also expects to achieve "another year of solid progress" despite less buoyant market conditions, with trading currently in line with market expectations.

Group revenue meanwhile increased 5.7% to £59.6m.

Flowtech said its directors remained confident about the future for the group and highlighted that its "continuing focus" on working capital management "should lead to further debt reduction by the end of 2019".

As of 0900 BST, Flowtech shares had picked p 2.38% to 129p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

FLO Market Data

Currency UK Pounds
Share Price 84.30p
Change Today 0.000p
% Change 0.00 %
52 Week High 121.00
52 Week Low 73.60
Volume 57
Shares Issued 63.28m
Market Cap £53.34m
Beta 0.29
RiskGrade 187

FLO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
67.59% below the market average67.59% below the market average67.59% below the market average67.59% below the market average67.59% below the market average
58.62% below the sector average58.62% below the sector average58.62% below the sector average58.62% below the sector average58.62% below the sector average
Price Trend
26.51% below the market average26.51% below the market average26.51% below the market average26.51% below the market average26.51% below the market average
31.25% below the sector average31.25% below the sector average31.25% below the sector average31.25% below the sector average31.25% below the sector average
Income
95.4% below the market average95.4% below the market average95.4% below the market average95.4% below the market average95.4% below the market average
12.5% below the sector average12.5% below the sector average12.5% below the sector average12.5% below the sector average12.5% below the sector average
Growth
33.89% below the market average33.89% below the market average33.89% below the market average33.89% below the market average33.89% below the market average
28.57% below the sector average28.57% below the sector average28.57% below the sector average28.57% below the sector average28.57% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
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Paid 19-Jul-24 21-Jul-23
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