Issue of Equity/EMI Scheme28/05/2019
Result of AGM12/06/2019
FILTA GROUP HOLDINGS PLC
("Filta" or the "Company")
Filta Group Holdings plc (AIM: FLTA), a provider of fryer management, grease management and other services to commercial kitchens, will make the following statement regarding current trading at its Annual General Meeting to be held at 11.00 a.m. today:
“As reported in the statement accompanying the 2018 results, our focus has been the integration of Watbio into our existing UK activities during the first half of 2019. Over the course of the last 5 months we have brought the activities of Filta and Watbio together to two main locations only 25 miles apart, Rugby and Stratford-on-Avon, have rationalised the UK management structure, have begun to reposition Watbio towards higher margin service offerings and have introduced new scheduling software to both Watbio and our other UK Company-owned businesses.
In North America, FiltaFry has achieved double digit growth in royalty and national account income, driven by the enlarged fleet of MFUs, which has increased by 14 in the first 5 months of the year, taking the total to 406 (366 at 31 May 2018).
We have also seen continued progress in Europe, with a further 5 franchisees and 5 MFUs added in the current year already, taking us to 17 franchisees and 20 MFUs across 4 different countries."