Flowtech Fluidpower plc (LON:FLO) are the topic of conversation with Andy Hanson, Research Analyst at Zeus Capital. Andy explains how the company dealt with COVID during the first 6 months, how its traded since restrictions have eased and how Andy feels about the prospects looking into the second half.
Founded as Flowtech in 1983, the Flowtech Fluidpower Group is the UK’s leading specialist supplier of technical fluid power products.
The business joined AIM in 2014. Today, the Group has two distinct divisions:
Components
Supply of hydraulic and pneumatic consumables, predominantly through distribution for urgent maintenance and repair operations across all industry sectors. Additionally, support a broad range of OEMs supplying off-the-shelf and tailored components and assemblies.
Services
Bespoke design, manufacturing, commissioning, installation and servicing of systems to manufacturers of specialised industrial and mobile hydraulic original equipment manufacturers (OEMs) and additionally a wide range of industrial end users.
Both Group’s divisions have overlapping product sets, allowing procurement synergies to be maximised.
