Filta Group Holdings PLC Trading Update (2621Q)
June 05 2018 - 2:00AM
UK Regulatory
TIDMFLTA
RNS Number : 2621Q
Filta Group Holdings PLC
05 June 2018
5 June 2018
Filta Group Holdings plc
("Filta" or the "Company")
Trading Update
Filta Group Holdings plc (AIM: FLTA), the provider of fryer
management and other services to commercial kitchens, will make the
following statement regarding current trading at its Annual General
Meeting to be held at 10.00am today:
"The Company has made strong progress in the year to date, with
6 new franchises, including one in both of our newest operating
locations Canada and Germany, and a total of 17 MFU sales. Our
existing franchises and Company-owned operations are performing in
line with management expectations, and we are seeing an increasing
contribution from FiltaGMG as our organisational improvements take
effect.
"Despite the adverse impact of a weak US dollar on our revenues
through the early part of the year, EBITDA for the year to date is
approximately 11% ahead of the same period last year, equating to
growth of approximately 23% at a constant exchange rate.
"We currently have a good pipeline of enquiries from
high-quality aspiring franchisees in both North America and Europe,
and the Board therefore has confidence in the prospects for the
current year as well as the outlook for subsequent periods."
For further information:
Filta Group Holdings plc +1 407 996 5550
Jason Sayers, Chief Executive
Brian Hogan, Finance Director
Cenkos Securities (NOMAD and broker) +44 (0)20 7397 8927
Stephen Keys
Harry Hargreaves
About Filta Group Holdings plc:
Filta Group Holdings plc (AIM: FLTA) is a provider of services
to commercial kitchens, primarily operating in the UK, North
America and mainland Europe.
The cornerstone of the Company's offering is FiltaFry, the
complete fryer management service incorporating on-site
micro-filtration as well as the removal and replacement of cooking
oil.
The Company also replaces damaged or perished refrigerator and
freezer door seals through its FiltaSeal brand; and prevents the
build-up of fats, oil and grease through its FiltaGMG brand.
The Group has over 180 Franchise Owners, and teams of corporate
vans, providing services to over 6,000 commercial kitchens and
restaurants every week.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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