2018 Half-year Report Published

RNS Number : 5756C

Flowtech Fluidpower PLC

01 October 2018

 

NEWS RELEASE Issued on behalf of Flowtech Fluidpower plc Immediate Release

FLOWTECH FLUIDPOWER PLC

Specialist full service supplier of technical fluid power products and services

(Flowtech, the Group or Company)

HALF-YEAR REPORT PUBLISHED

London, Monday, 1 October 2018:  Following the announcement of the Half-year Results on 18 September 2018, Flowtech Fluidpower has today published its 2018 Half-year Report online. The Company is not proposing to bulk print and distribute hard copies of this Half-year Report unless specifically requested by individual shareholders.  Copies can be requested from; The Company Secretary, Flowtech Fluidpower plc, Pimbo Road, Skelmersdale, Lancashire, WN8 9RB: email: [e-mail]. News updates, regulatory news, and financial statements can be viewed and downloaded from the Group's website www.flowtechfluidpower.com.

ENQUIRIES:

FLOWTECH FLUIDPOWER PLC Malcolm Diamond MBE, Non-Executive Chairman Bryce Brooks, Chief Executive Officer and Chief Financial Officer Today: [phone] or [phone] Thereafter: Tel: [phone] Email: [e-mail] Zeus Capital Limited (Nominated Adviser and Joint Broker) Andrew Jones, Alistair Donnelly (corporate finance) Dominic King, John Goold (sales and broking) Tel: [phone] FinnCap Ltd (Joint Broker) Ed Frisby, Kate Bannatyne (corporate finance) Rhys Williams, Andrew Burdis (sales and broking) Tel: [phone] TooleyStreet Communications (IR and media relations) Fiona Tooley Tel: [phone] Email: [e-mail]

About Flowtech Fluidpower plc Founded as Flowtech in 1983, the Flowtech Fluidpower Group is the UK's leading specialist supplier of technical fluid power products.  The business joined AiM in 2014.  Today, the Group has four distinct divisions: Division: What we do: Locations: Flowtechnology focus on supplying distributors and resellers of industrial MRO products, primarily serving urgent orders rather than bulk offerings. It offers an unrivalled range of OEM and Exclusive Brand products to over 5,000 distributors and resellers.  The catalogue is recognised as the definitive source for fluid power products, containing 100,000 individual product lines and are distributed to more than 80,000 industrial MRO end users. Flowtechnology Benelux (Deventer) Flowtechnology China (Guangzhou) Flowtechnology UK (Skelmersdale) Indequip (Skelmersdale) Beaumanor (Leicester) Power Motion Control (PMC) Specialise in the design, assembly and supply of engineering components and hydraulic systems and is further enhanced by a service and repair function. Primary Fluid Power (Knowsley) Nelson Hydraulics (Dublin, Lisburn, Dungannon, UK) TSL Fluid Power (West Yorkshire) Albroco (Knowsley) HTL (Ludlow) Hi-Power Hydraulics (Cork, Dublin, Belfast Manchester) Hydroflex (Brussels, Rotterdam and OudBeijerland) Hydraulic Equipment Supermarkets (Gloucester, Leeds, Birmingham, Durham) Branch Hydraulic Systems (Gloucester) HES Tractec (Gloucester) HES Automatec (Gloucester) HES Lubemec (Gloucester) Derek Lane & Co (Newton Abbot, Devon) Process Focus on the supply of industrial components and solutions to the process sectors. Hydravalve (Willenhall) Orange County (Spennymoor) Onsite Services During 2018, the Group is extending its service offering to include Onsite Technical Maintenance through highly skilled engineers. HES Onsite (Durham, Leeds, Birmingham, Gloucester) All four of the Group's divisions have overlapping product sets, allowing procurement synergies to be maximised. The above divisions are supported by a centralised back office team at the Skelmersdale site and a procurement and quality control team in Shanghai.  In total, the business employs over 600 people.  For more information please visit, www.flowtechfluidpower.com

 

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