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 11.00am today:

“We have enjoyed a strong start to the year with revenues for the first 4 months, on a constant exchange rate basis, over 25% ahead of the same period last year, with all of our business lines, franchise development, fryer management services and Company-owned operations contributing to the growth. During the period we have added £0.2 million to deferred revenue from franchise territory fees to be recognised during the remainder of the current year and in future years.

An important factor in the Company’s growth has been the new customers secured in the last quarter of 2016 who will provide a full year’s contribution in the current year. This, the fact that the majority of our revenue is repeat business and that there continues to be an encouraging level of enquiries from potential high quality new franchisees gives the Board confidence in the outlook for the full year and beyond.”