Filta Group Holdings (Filta) has released a trading update for FY17E with a strong beat on the top-line, while profitability is guided to be in line with market expectations. Growth in Filta’s US market has been driven by the company’s strategy of increasing franchisees and the number of mobile filtration units (MFUs) per franchisee. In the UK, Filta has benefited from the strong performance of its FiltaSeal business and the acquisition of Grease Management Group (FiltaGMG). We maintain our curr ....
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FY17E Trading Update
- Published:
07 Feb 2018 -
Author:
Cavendish Research -
Pages:
5
Filta Group Holdings (Filta) has released a trading update for FY17E with a strong beat on the top-line, while profitability is guided to be in line with market expectations. Growth in Filta’s US market has been driven by the company’s strategy of increasing franchisees and the number of mobile filtration units (MFUs) per franchisee. In the UK, Filta has benefited from the strong performance of its FiltaSeal business and the acquisition of Grease Management Group (FiltaGMG). We maintain our curr ....