Flowtech Fluidpower (GB:FLO) has released an update.
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Flowtech Fluidpower PLC, a leader in fluid power products and services, reported a 5.5% revenue decrease in H1 2024 compared to H1 2023, despite a 4.9% growth over the second half of the previous year, signaling some recovery. The company is seeing the benefits of its Performance Improvement Plan, with expectations of market recovery and further debt reduction in the latter half of the year. Flowtech’s new leadership team and operational changes have strengthened the sales pipeline and forward order book, aligning with mid-term value creation goals.
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