Flowtech Fluidpower (LSE:FLO) reported group revenue of £70.4 million for the first half of 2026, an increase of 23.8% year-on-year, with like-for-like sales rising 13.3%.
The industrial supplier and engineering solutions provider recorded revenue growth across all three of its regions: Great Britain, Ireland and Benelux.
Underlying EBITDA increased to £4.5 million, while profit before tax was £0.7 million. Gross margin declined to 37.0%, reflecting the mix from acquisitions and pricing pressures.
Net Debt Falls to £16.4 Million
Flowtech said cost controls and lower working capital contributed to a reduction in net debt to £16.4 million. The group reported £8.6 million of available headroom under its facilities at the end of the period.
The company’s order book was more than 20% higher than at the beginning of the year. Flowtech also reported an expanded sales pipeline and two major bridge contracts.
Management expects profitability and cash generation to increase in the second half and said full-year performance is expected to remain in line with market forecasts.
The board expects gross margin to improve during the second half, supported by the contribution from engineering projects and measures intended to offset inflationary pressures.
Flowtech Continues Acquisition Integration and Digital Rollout
Flowtech continued to integrate recent acquisitions including Thorite, Q Plus and Helipebs during the first half.
The group expects cross-selling and procurement synergies from these businesses to contribute to revenue and margins as integration progresses.
Flowtech is also investing in its digital operations. Its UK eCommerce platform recorded increased engagement and is scheduled to be introduced in Ireland and Benelux during the third quarter.
Benelux recorded double-digit revenue growth during the period and an improvement in segment operating profitability. Great Britain and Ireland also delivered double-digit revenue growth.
The group continues to focus its sales strategy on digital channels, expanding products and services, engineering projects and acquisition-related growth.
More about Flowtech Fluidpower
Flowtech Fluidpower is an industrial supplier and engineering solutions provider specialising in hydraulic, pneumatic and fluid power products across Great Britain, Ireland and Benelux.
The group combines product distribution with project engineering and digital eCommerce services for industrial customers and infrastructure projects.
Flowtech has also expanded through acquisitions, including Thorite, Q Plus and Helipebs, as it develops its technical capabilities and presence across its regional markets.
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