Flowtech Fluidpower plc announced unaudited earnings results for the year ended December 31, 2016. For the year, the company reported group revenue of £53.7 million against £44.8 million a year ago, up 19.9%. Net debt at year end was £13.0 million.

The company provided underlying PBT guidance for the year ended December 31, 2016. Significant investment in central and sales resources aimed at optimising cross channel opportunities, and future acquisition integration programme underpinning long term growth. As a result of these investments and the gross margin contraction in second half, the board expects underlying PBT will be in the range £7.0 million to £7.2 million.