Business
Group Trading Update & Notice of HY1 2022 results
Group Trading Update & Notice of HY1 2022 results.
About this update from Flowtech Fluidpower Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n NEWS RELEASE\n \n \n \n \n Issued on behalf of Flowtech Fluidpower plc\n \n \n \n Immediate Release\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n FLOWTECH FLUIDPOWER PLC\n \n \n \n (the \"Group\")\n \n \n \n Group Trading Update and Notice of Half-year Results\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n London: Monday, 1 August 2022:\n \n AIM listed specialist technical fluid power products supplier\n \n Flowtech Fluidpower plc\n \n \n (LSE: symbol FLO)\n \n , announces the following unaudited trading update on its performance for the six-month financial reporting period ended 30 June 2022 (HY1 2022).\n \n \n \n \n \n \n GROUP Trading Update\n \n \n \n The Group is pleased to announce the delivery of a HY1 2022 performance in line with the Board's expectations. On a like for like trading day basis Group Revenue has increased by 4.8% relative to the comparative 2021 period. Revenue splits by division are detailed below: \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n HY1 2022\n \n \n \n \n \n \n HY1 2021\n \n \n \n \n \n \n FY 2021\n \n \n \n \n \n \n cHANGE\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Unaudited\n \n \n \n \n Unaudited\n \n \n \n \n Audited\n \n \n \n \n \n HY12022\n \n v HY1 2021\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n £m\n \n \n \n \n \n £m\n \n \n \n \n £m\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Segment revenue:\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Flowtech\n \n \n \n \n \n 26.8\n \n \n \n \n \n 26.7\n \n \n \n \n 52.1\n \n \n \n \n \n 0.4%\n \n \n \n \n \n \n \n Flowtech Group Solutions\n \n \n \n \n \n 21.2\n \n \n \n \n \n 20.1\n \n \n \n \n 39.6\n \n \n \n \n \n 5.5%\n \n \n \n \n \n \n \n Flowtech Group Services\n \n \n \n \n \n 9.5\n \n \n \n \n \n 8.5\n \n \n \n \n 17.4\n \n \n \n \n \n 11.8%\n \n \n \n \n \n \n \n Total Group revenue for the period\n \n \n \n \n \n 57.5\n \n \n \n \n \n 55.3\n \n \n \n \n 109.1\n \n \n \n \n \n 4.0%\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Net debt (*)\n \n \n \n \n \n 19.7\n \n \n \n \n \n 13.3\n \n \n \n \n 15.4\n \n...