Filta Group has released its results for FY17A with revenue (cont & discont ops) +34% to £13.5m and adj EBITDA (cont & discont ops) +67% to £2.2m. Management guides to c82% of revenues from recurring and repeat business. The business continues to benefit from focusing on growing high quality franchisees, an expanding geographical footprint and adding complementary products/services. We maintain our Buy recommendation for this compounding and cash generative business.
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FY17 Results: Compounding performance
- Published:
17 Apr 2018 -
Author:
Cavendish Research -
Pages:
7
Filta Group has released its results for FY17A with revenue (cont & discont ops) +34% to £13.5m and adj EBITDA (cont & discont ops) +67% to £2.2m. Management guides to c82% of revenues from recurring and repeat business. The business continues to benefit from focusing on growing high quality franchisees, an expanding geographical footprint and adding complementary products/services. We maintain our Buy recommendation for this compounding and cash generative business.