Flowtech Fluidpower (AIM:FLO) slipped almost 7% as it reported lower sales in its latest financial year and cautioned the engineering sector backdrop currently is subdued.
A specialist in hydraulics, Flowtech said the UK in particular has been weak where some of its original equipment manufacturer (OEM) customers have been under pressure.
Any improvement in the current year will be driven by self-help measures, the group added but overall it is more cautious than previously about current year growth.
Revenues for the year to December dropped 2% to £112 million.
Shares eased 5.2p to 73.8p.