Flomerics Group PLC - Preliminary Results

The preliminary results for the year ended 31 December 2006.

For the Full Results click here

Key Points

• Turnover up 24% at £14.2 million (2005 : £11.4 million). Excluding the acquisition in the year revenues up by 13%.
• Profit before tax, amortisation of goodwill, exceptional items and share-based payment increased by 30% to £1.5 million (2005: £1.1 million).
• Proposed dividend increased by 8% to 1.4p per share (2005 : 1.3p)
• Cash balance at year end £2.3 million (2005: £4.1 million)
• Acquisition in July 2006 of Nika GmbH (NIKA).
• Asia Pacific and US revenues up by 20% and 16% respectively at constant exchange rates.
• Revenues from the Electronics Cooling line of business (Flotherm and Flo/pcb ) increased by 11% and Flovent revenues increased by 24% at constant exchange rates.

Commenting on the results, David Mann, Chairman, said:

“With a new stable of products and excellent technology, the Group is positioned to achieve strong growth in turnover and an increase in profit margin.”