Revenue continues to flow for Flowtech

FLOWTECH Fluidpower has performed in line with expectations for the period ending December 31.

In its latest trading statement, the Skelmerdsdale company, which floated on the AIM in May, said growth in both revenue and operating profit and margins was being maintained.

The balance sheet at the end of 2014 remained lowly geared with net debt expected to be £6.7m.

The company distributes hydraulic and pneumatic products and purchased Primary Fluid Power in August.

The group has continued to trade at expected levels and both operational and commercial integrations plans are progressing.

“The board views the future with confidence and is optimistic that it can continue to grow the business both organically and by acquisition as opportunities arise,” the statement said.