Flowtech Fluidpower PLC Notice of Results - revised date (0858U)
24 March 2023 - 6:00PM
UK Regulatory
TIDMFLO
RNS Number : 0858U
Flowtech Fluidpower PLC
24 March 2023
NEWS RELEASE
Issued on behalf of Flowtech
Fluidpower plc
Friday, 24 March 2023
Immediate Release
FLOWTECH FLUIDPOWER PLC
("Flowtech", the "Group" or "the Company")
Specialist full-service supplier of technical fluid power
products and services
2022 FULL YEAR RESULTS
REVISED RELEASE DATE
Flowtech announces a revised date for the publication of its
preliminary financial results for the year ended 31 December
2022.
Grant Thornton, the Company's auditors, have requested
additional time to complete their standard audit processes, and
accordingly, the Company expects to release its full year results
no later than 14 April 2023.
The Board confirms that the underlying profit for the year ended
31 December 2022 remains in line with market expectations.
The presentation of results via the Investor Meet Company
platform will be rescheduled and all attendees will be advised of
the revised date and time in due course.
ENQUIRIES :
-----------------------------------------------------
Flowtech Fluidpower plc
Roger McDowell, Chair
Bryce Brooks, Chief Executive
Russell Cash, Chief Financial Officer
Tel: +44 (0) 1695 52759
Email: info@flowtechfluidpower.com
Liberum (Nominated adviser and Sole Broker)
Richard Lindley / Ben Cryer / Will King
Tel: +44 (0) 20 3100 2000
TooleyStreet Communications (IR and media relations)
Fiona Tooley
Tel: +44 (0) 7785 703523
or email : fiona@tooleystreet.com
ABOUT FLOWTECH FLUIDPOWER PLC
Founded as Flowtech in 1983, the Flowtech Fluidpower Group is a group
of specialist fluid power businesses. Working in partnership with customers
and suppliers, we deliver essential components, customer solutions and
high-quality servicing support to keep global industry moving. The business
joined the AIM market in 2014.
To read more about the Group please visit www.flowtechfluidpower.com .
Segment: What we do: Locations:
----------------- ------------------------------------------------ ----------------------------
Flowtech
Our focus
Supply of both hydraulic and pneumatic Flowtech
consumables, predominantly through (Skelmersdale, Leicester,
distribution for maintenance and Birmingham)
repair operations across all industry Flowtechnology Benelux
markets but supported by supply agreements (Deventer)
direct to a broad range of original
equipment manufacturers (OEMs)
Channels to market:
E-commerce websites, customer white
label e-commerce websites, 70,000+catalogues,
own and customer trade counters
----------------- ------------------------------------------------ ----------------------------
Fluidpower
Group Solutions Our focus Primary Fluid Power
Supply specialist technical hydraulic Components (Skelmersdale)
components & systems, predominantly Nelson Hi-Power
into OEMs and end-user channels to (Dublin, Cork, Dungannon)
all industry markets, supported by HTL
supply agreements with a broad range (Ludlow)
of manufacturer brands Hydroflex
(Brussels, Rotterdam
Channels to market: and OudBeijerland)
Engineering collaboration through Derek Lane & Co
sales offices providing national (Newton Abbot)
and local coverage. In 2022 enhanced HES Tractec
by new e-commerce capabilities (Gloucester)
----------------- ------------------------------------------------ ----------------------------
Fluidpower
Group Services Our focus
Bespoke design, manufacturing, commissioning, Primary Fluid Power
installation, and servicing of systems Systems
to manufacturers of specialised industrial (Knowsley)
and mobile hydraulic OEMs, and additionally Branch Hydraulic Systems
a wide range of industrial end users. (Gloucester)
Capital project-based revenue. HES Onsite
(Leeds, Gloucester)
Channels to market: Orange County
In-house design and build, combined (Spennymoor)
with on-site installation, servicing Hi Power Transport
and support (Dublin, Cork, Belfast)
----------------- ------------------------------------------------ ----------------------------
All the Group's divisions have overlapping product sets, allowing procurement
synergies to be maximised. The above segments are supported by a centralised
back-office teams based at Skelmersdale and Wilmslow sites in the UK.
In total, the business employs 572 people.
For more information please visit, Our business | Flowtech Fluidpower
plc
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END
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