Simon Thompson 

Flowtech downgrades guidance

Simon Thompson

Simon Thompson

Aim-traded Skelmersdale-based Flowtech Fluidpower (FLO:116.5p), the UK's leading specialist supplier of technical fluid power products, has delivered a 7 per cent rise in first-half operating profit to £6.1m on revenue up in mid single digits to £59.6m, much as analysts had predicted. Half the revenue growth was organic, with the balance driven by the March 2018 acquisition of Balu, a Leicester-based fluid power equipment distributor.

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