Flowtech Fluidpower plc (LON:FLO) is the topic of conversation when Andy Hanson Director of Equity Research at Zeus Capital joins DirectorsTalk. Andy explains how the company has fared during 2020, the outlook for Flowtech and shares his thoughts on the company in terms of valuation.
Founded as Flowtech in 1983, the Flowtech Fluidpower is the UK’s leading specialist supplier of technical fluid power products and services. The business joined AIM in 2014 (AIM: Symbol FLO). 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 original equipment manufacturers (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.