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Flowtech Fluidpower PLC Ord50p (FLO)

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28-Jul-2020 10:01 AM

Flowtech Fluidpower sees improving trends after sales fall 22% in H1

Fluid power products supplier Flowtech Fluidpower touted improved performance since lockdown measures eased after reporting a decline in first-half revenue owing to the impact of the pandemic. Revenue for the six-month period to June 2020 was down &po
10-Jun-2020 08:32 AM

Flowtech Fluidpower sees signs of improving performance in May

Fluid power components and services provier Flowtech Fluidpower said it was 'confident' performance would continue to improve as the pace of revenue decline eased in May. 'The last part of March and the whole of April saw our revenues re
21-Apr-2020 02:21 PM

Flowtech Fluidpower first-quarter revenue falls 10% due to Covid-19 lockdowns

Fluid power product supplier Flowtech Fluidpower said its first-quarter revenue fell 10% after customers and suppliers suspended operations in Mach due to Covid-19 lockdowns. Revenue for the three months through March declined to £26.9m, down from
13-Feb-2020 08:23 AM

Flowtech Fluidpower warns of flat profit growth as revenue climbs 1.2%

Flowtech Fluidpower warned of flat profit growth for 2020 after reporting that revenue climbed just 1.2% as Brexit uncertainty weighed on performance. For 2019, the company said it expected to report revenue of £112.5m and underlying pre-tax profi
14-Jan-2020 10:00 AM

Broker Forecast - finnCap issues a broker note on Flowtech Fluidpower Plc

finnCap today reaffirms its corporate investment rating on Flowtech Fluidpower Plc (LON:FLO) and cut its price target to 151p (from 180p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
14-Jan-2020 09:20 AM

Flowtech Fluidpower warns on profit amid 'challenging' end to year

Flowtech Fluidpower warned on profit as 'challenging' market conditions in the second of the year hurt growth. The company said revenue declined about 10% in the fourth quarter, and, as a result, it now expected revenue to fall about 1.5% to &
12-Jul-2019 08:32 AM

Flowtech Fluidpower revenues raises 5.7% on H1

Fluid power products supplier Flowtech Fluidpower reported an increase in revenue in the first half of the year, but slowing second-quarter growth kept a lid on growth. For the six-month financial reporting period ended 30 June, group revenue increased
29-Mar-2019 08:30 AM

Broker Forecast - Shore Capital issues a broker note on Flowtech Fluidpower Plc

Shore Capital today initiates coverage of Flowtech Fluidpower Plc (LON:FLO) with a buy investment rating and price target of 180p. Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
18-Sep-2018 08:34 AM

Flowtech Fluidpower's warns on profits despite upbeat H1 results; CEO to retire

Technical products supplier Flowtech Fluidpower said chief executive Sean Fennon was retiring and warned operating profits would be below market expectations for the full year, despite reporting growth in first-half profits and revenues. Fennon would be
18-Sep-2018 07:43 AM

Flowtech Fluidpower's CEO Sean Fennon to retire; CFO Bryce Brooks to take up reins

Flowtech Fluidpower said Tuesday Sean Fennon would retire as Chief Executive and be replaced by Chief Financial Officer, Bryce Brooks. Fennon would remain with the group in an advisory capacity until 31 December, the company said. Brooks was expected
06-Jun-2018 02:41 PM

Flowtech Fluidpower says positive momentum maintained since first quarter

Industrial equipment supplier Flowtech Fluidpower said it had continued to see positive trading momentum since the end of first quarter. For the three months through March, the company had reported that revenue increased by 49.7%, of which 6.3% was organ
17-Apr-2018 02:04 PM

Flowtech Fluidpower first-quarter revenue jumps 50%

Technical fluid supplier Flowtech Fluidpower said first-quarter revenue jumped by 50% following the completion of six acquisitions in the past 12 months. Organic revenue growth over the period amounted to 6.3%. "We continue to have positive momentu
14-Mar-2018 08:30 AM

Broker Forecast - finnCap issues a broker note on Flowtech Fluidpower Plc

finnCap today reaffirms its corporate investment rating on Flowtech Fluidpower Plc (LON:FLO) and raised its price target to 215p (from 205p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
23-Jan-2018 02:35 PM

Flowtech Fluidpower posts 45% revenue rise

Technical fluid supplier Flowtech Fluidpower said it expected to post an annual profit in line with expectations after acquisitions boosted revenue by 45%. Revenue rose to £77.9m, from £53.8m in 2016. After removing the impact of acquisitions
17-Oct-2017 08:04 AM

Flowtech revenues up 34.4%

Flowtech Fluidpower's revenue during the first nine months of the current year increased by 34.4%, driven by continued momentum across all divisions and enhanced by the contribution from new subsidiaries. A trading update said: 'Since reportin
12-Oct-2017 11:10 AM

Broker Forecast - finnCap issues a broker note on Flowtech Fluidpower Plc

finnCap today reaffirms its corporate investment rating on Flowtech Fluidpower Plc (LON:FLO) and raised its price target to 205p (from 192p). Story provided by StockMarketWire.com...
12-Oct-2017 07:29 AM

Flowtech acquires HES

Flowtech Fluidpower has strengthened its power motion control division through the acquisition of Group HES Ltd for £4.1m in cash and shares. HES - which was founded in 1965 and has its headquarters in Gloucester - employs 89 people across is netwo
08-Sep-2017 09:00 AM

Broker Forecast - finnCap issues a broker note on Flowtech Fluidpower Plc

finnCap today reaffirms its corporate investment rating on Flowtech Fluidpower Plc (LON:FLO) and raised its price target to 192p (from 182p). Story provided by StockMarketWire.com...
10-Jul-2017 08:30 AM

Broker Forecast - finnCap issues a broker note on Flowtech Fluidpower Plc

finnCap today reaffirms its corporate investment rating on Flowtech Fluidpower Plc (LON:FLO) and raised its price target to 182p (from 170p). Story provided by StockMarketWire.com...
10-Jul-2017 07:55 AM

Flowtech first half revenues up 24.7%

Flowtech Fluidpower's first half revenues rose by 24.7% and the group has further strengthened of its process division through the acquisition of Orange County Ltd. The group said its strong performance was driven by the continued momentum across a
23-Jun-2017 07:22 AM

Flowtech acquires Hi-Power

Flowtech Fluidpower has strengthened its power motion control division through the acquisition of Hi-Power Limited and the business and certain assets of Hi-Power Hydraulics, a distributor of hydraulic equipment components and, systems design & build pred
25-May-2017 02:13 PM

All resolutions passed at AGM of Flowtech Fluidpower

Flowtech Fluidpower has confirmed that all resolutions were passed at today's Annual General Meeting. At 2:13pm: (LON:FLO) Flowtech Fluidpower Plc share price was +2.26p at 149.13p Story provided by StockMarketWire.com...
22-May-2017 01:13 PM

Flowtech issues shares

Flowtech has announced that an application has been made to the London Stock Exchange for 250,401 ordinary shares to be admitted to trading on AIM. At 1:13pm: (LON:FLO) Flowtech Fluidpower Plc share price was -0.37p at 149.13p Story provided by Sto
04-Apr-2017 09:15 AM

Flowtech operating profits up

Flowtech Fluidpower's operating profits rose to £6.14m in the year to the end of December - up from £5.49m last time. Revenues were up 20% at £53.8m and earnings per share increased to 10.17p from 9.85p. The group said the propos
13-Sep-2016 09:59 AM

Flowtech operating profits up

Flowtech Fluidpower reports an operating profit of £3.290m for the six months to the end of June - 9% up on last time. Total revenues rose by 28% to £27.387m and gross profits increased by 33% to £9.551m. Underlying operating profits were up 19% at £4.0
 
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