Filta Group Holdings PLC Trading Update (7507G)
June 01 2017 - 1:00AM
UK Regulatory
TIDMFLTA
RNS Number : 7507G
Filta Group Holdings PLC
01 June 2017
1 June 2017
Filta Group Holdings plc
("Filta" or the "Company")
Trading Update
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 GBP0.2 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."
For further information:
Filta Group Holdings plc via Redleaf Communications
Jason Sayers, Chief Executive
Cenkos Securities (NOMAD
and broker) +44 (0)20 7397 8927
Bobbie Hilliam
Harry Pardoe
Redleaf Communications (Financial filta@redleafpr.com
PR adviser)
Rebecca Sanders-Hewett +44 (0)20 7382 4730
David Ison
Elise Palmer
About Filta Group Holdings plc:
Filta Group Holdings plc (AIM: FLTA) is a provider of services
to commercial kitchens, primarily operating in the UK and US.
The cornerstone of the Company's offering is FiltaFry, the
complete fryer management service incorporating on-site
micro-filtration as well as the removal and replacement of cooking
oil.
The Company also replaces damaged or perished refrigerator and
freezer door seals through its Fita-Seal brand; installs and
maintains refrigeration units through its Filta Refrigeration
brand; and prevents the build-up of fats, oil and grease through
its FiltaDrain brand.
The Group has over 180 Franchise Owners, and teams of corporate
vans, providing services to over 5,000 restaurants and other
commercial kitchens every week.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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