Flowtech Fluidpower PLC (LON:FLO) Annual General Meeting of the Company the Chairman, Malcolm Diamond MBE, will today make the following statement:
“The Group has sustained its confidence and positive business momentum highlighted at the start of the 2017 year across all business divisions both organically and within the newly acquired operations. Margins remain in line with expectations and we expect these to be maintained due to the combination of our flexible pricing model and product mix.
“Our focus continues to be growth through both acquisitive and organic means backed up by our four-layered approach to extracting synergistic benefits over the short, medium and long term. This targeted approach ensures we can achieve both a concentration and enhancement to our product set which is the core of our business model.
“Following our successful capital raising at the end of March, we are actively pursuing a pipeline of interesting opportunities that will add value and enhance our current brand portfolio and offering. We are confident that we will be able to complete a number of these transactions over the coming months.
“In summary, the Directors remain confident about the future; we fully expect our underlying performance to deliver another year of solid progress and, we remain on track to meet current market expectations for the year ending 31 December 2017.
“We look forward to providing our next Trading update for Q2 in early July.” – Flowtech Fluidpower PLC Chairman Malcolm Diamond.
