Posting of Accounts and AGM notice, Dividend Declaration
Result of AGM
Show all

Trading Update

("Filta" or the "Company")

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.”