Flowtech Fluidpower – 129p

12 July 2019 – trading update

The group has issued a trading update covering the six months to 30 June revealing that revenues were up 5.7% to £59.6m (2018: £56.4m) with around half of this increase due to acquisitions.  Net debt fell £1.1m to £18.8m during the period.  Overall, despite trading conditions remaining challenging, the company remains confident about its prospects and we maintain our recommendation of BUY.