- Technical fluid power products maker Flowtech Fluidpower said sales grew 4.3% in the third quarter of the year amid difficult market conditions.

Overall revenue growth in the first nine months was 4.3%, thanks to the full-period impact of the Balu businesses, which were acquired in March 2018.

'Our short-term focus is firmly on the delivery of sustained operational improvements, procurement benefits and wider group synergies; detailed plans to achieve these savings are currently being finalised with the main phase of implementation beginning in early 2020,' the company said.

'Notwithstanding the current difficult market conditions, the board remains confident in the group's strategy and the outlook for future growth remains positive,' it added.

At 9:02am: [LON:FLO] Flowtech Fluidpower Plc share price was +1.25p at 110p

Story provided by