Flowtech Fluidpower first-half revenue up 24% on acquisition boost

Flowtech Fluidpower, a UK distributor of fluid power products, unveiled a 24% year-on-year rise in first-half revenue on Tuesday, with turnover reaching £70.40 million.

Management attributed the advance to recent takeovers and market share gains across all operating regions. Adjusted EBITDA came to £4.50 million for the period, while adjusted operating profit totalled £2.30 million.

The gross margin contracted during the six months, reflecting a lower-margin sales mix from the Q Plus acquisition, initiatives to expand sales volumes, and inflation-driven cost pressure. Basic earnings per share were £0.007; reported operating profit was £1.60 million and pretax profit was £700,000.

Flowtech said its new eCommerce platform and broader product range helped win new customers and bolster its order book during the period.

For the full year, Flowtech expects results to meet current market forecasts for 2026. The board sees a stronger second half ahead, with improved profitability and an enhanced gross margin, and projects net debt to fall materially in the second half thanks to higher cash generation.

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