Flowtech Fluidpower (FLO)

Sector:

Engineering

Index:

FTSE AIM All-Share

 59.40p
   
  • Change Today:
      0.000p
  • 52 Week High: 121.00p
  • 52 Week Low: 49.00p
  • Currency: UK Pounds
  • Shares Issued: 63.28m
  • Volume: 19,116
  • Market Cap: £37.59m
  • RiskGrade: 187

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 59.40p
Change Today 0.000p
% Change 0.00 %
52 Week High 121.00p
52 Week Low 49.00p
Volume 19,116
Shares Issued 63.28m
Market Cap £37.59m
RiskGrade 187

FLO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
8.52% below the market average8.52% below the market average8.52% below the market average8.52% below the market average8.52% below the market average
21.43% above the sector average21.43% above the sector average21.43% above the sector average21.43% above the sector average21.43% above the sector average
Price Trend
74.1% below the market average74.1% below the market average74.1% below the market average74.1% below the market average74.1% below the market average
93.33% below the sector average93.33% below the sector average93.33% below the sector average93.33% below the sector average93.33% below the sector average
Income Not Available
Growth
38.82% below the market average38.82% below the market average38.82% below the market average38.82% below the market average38.82% below the market average
38.46% below the sector average38.46% below the sector average38.46% below the sector average38.46% below the sector average38.46% below the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

FLO Dividends

  Latest Previous
  Final Final
Ex-Div 20-Jun-24 22-Jun-23
Paid 19-Jul-24 21-Jul-23
Amount 2.20p 2.10p

Trades for 02-Jun-2025

Time Volume / Share Price
12:16 16 @ 59.78p
10:17 600 @ 59.78p
09:24 10,000 @ 59.78p
08:28 8,500 @ 59.70p

FLO Key Personnel

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