Flowtech Fluidpower Trading In Line With Its Expectations

Thu, 21st May 2015 08:56

LONDON (Alliance News) - Fluid power products distributor Flowtech Fluidpower PLC Thursday said it is trading in line with its expectations so far in 2015.

In a short statement ahead of its annual general meeting, Chairman Malcolm Diamond said that "despite overall market pressures, the board expects that the robust outlook predicted by the British Fluid Power Association of forecasted market growth over the next three years of 4% per annum, when coupled with our business strategy, will allow the group to continue to improve results and cash flow within all our operating sectors."

Shares in Flowtech were up 1.2% to 118.897 pence Thursday morning.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

Flowtech Fluid.