Despite the significant impact COVID-19 had on many of the group's customers in FY20E, Filta was able to report positive EBITDA (c£1m) and an improved net debt position. Group run-rate revenues are now at c60-65% of FY19A levels, and with the successful roll-out of vaccine programmes across the group's key markets (US and UK), the outlook appears increasingly positive for Filta. Given the improving visibility, we reinstate forecasts (FY21E and FY22E Adj EBITDA of £2.8m and £4.5m respectively), a ....
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Cenkos: Filta Group Holdings Plc -- Post-Covid recovery play
- Published:
25 Mar 2021 -
Author:
Peter Renton -
Pages:
8
Despite the significant impact COVID-19 had on many of the group's customers in FY20E, Filta was able to report positive EBITDA (c£1m) and an improved net debt position. Group run-rate revenues are now at c60-65% of FY19A levels, and with the successful roll-out of vaccine programmes across the group's key markets (US and UK), the outlook appears increasingly positive for Filta. Given the improving visibility, we reinstate forecasts (FY21E and FY22E Adj EBITDA of £2.8m and £4.5m respectively), a ....