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Filta Group says first-half revenue and profit in line

Fri, 10th Aug 2018 10:07

(Sharecast News) - Filta Group, a provider of fryer management and other services to commercial kitchens, said on Friday that its first-half revenue and profit are in line with management's expectations.In a trading update for the six months to 30 June, AIM-listed company said it enjoyed strong trading, with revenue growth from new franchisees added in the latter part of last year, further growth in its UK-based seals business and an increasing contribution from GMG, which it bought last August. That acquisition, and the sale of the refrigeration business at the end of 2017, led to higher overall gross margins and improved profitability.In addition, Filta said the acquisition and integration of the master franchise in Germany has gone smoothly and it has added two new franchises in Europe.The company gained 10 new franchisees in the first half and now has 422 mobile filtration units (MFU) in operation, up from 394 at the end of last year. It said the franchisee and MFU count are the drivers of its business, and together with the revenue growth in its company-owned businesses, FiltaSeal and FiltaGMG, give it confidence in further progress in the second half of the year and beyond.Chief executive officer Jason Sayers said: "We have had a strong start to the year and have successfully completed a number of strategic initiatives, including the disposal of our lower margin refrigeration business, the integration of GMG and the changed structure of our European activities."We continue to seek growth opportunities through both acquisitions and the continued development of our existing businesses over the short, medium, and long term." At 1005 BST, the shares were down 2% to 224.50p.
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15 Apr 2019 10:09

Filta eyes European franchise growth as US reaches saturation

(Sharecast News) - Filta Group, the cooking oil management specialist, on Monday reported a jump in annual profits and revenue as its core Fryer Management division drove momentum and expanded its franchise network.

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15 Apr 2019 09:48

Filta Hikes 2018 Payout As Earnings Rise On Strong Trading

LONDON (Alliance News) - Filtration-focused engineering firm Filta Group Holdings PLC hiked its 2018 dividend Monday after profit and revenue both grew strongly as organic and acquisitive growth a

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21 Mar 2019 11:51

Filta Group Completes Acquisition Of Watbio For GBP6.1 Million (ALLISS)

LONDON (Alliance News) - Filta Group Holdings PLC, which provides cooking oil filtration and fryer management services to commercial kitchens, has completed the acquisition of WatBio Holdings Ltd

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18 Feb 2019 13:27

Filta Group Appoints Former British Water CEO Lloyd Martin To Board

LONDON (Alliance News) - Filta Group Holdings PLC, a provider of cooking oil filtration and fryer management services to commercial kitchens, said Monday that it has appointed Lloyd Martin as with

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14 Feb 2019 11:38

Filta Expects Rise In Annual Revenue After Growth In All Businesses

LONDON (Alliance News) - Filta Group Holdings PLC on Thursday said it expects to report an increase in its annual revenue, while earnings will be in line with the firm's 2018 the firm, which a

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14 Feb 2019 10:04

Filta earnings boosted by improved revenues and wider margins

(Sharecast News) - Oil filtration and fryer management business Filta expects to report stronger revenues from 2018 and see continued progress in 2019.

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19 Dec 2018 13:02

Filta Group to buy Essex-based Watbio for GBP6.9m

(Sharecast News) - Filta Group has entered into a conditional agreement to buy Essex-based Watbio, which provides grease and drain management solutions to commercials kitchens, for £6.9m.

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4 Sep 2018 09:27

Filta Hike Interim Payout As Profit, Revenue Jump In Strong Trading

LONDON (Alliance News) - Filtration-focused engineering firm Filta Group Holdings PLC hiked its dividend Tuesday after its half year profit jumped off the back of rising revenue and margins in a a

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4 Nov 2016 08:55

Chip Fryer Services Firm Filta Sizzles On AIM Debut (ALLIPO)

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