Filta Group, a provider of fryer management and other services to commercial kitchens, is reporting that it continues to experience an increasing level of demand for its services in all of its operating territories.
The company cites a clear link for this bounceback with the success of the vaccine rollouts and exiting of the lockdown phases.
In the US, there has been a faster than anticipated reopening of the hospitality and leisure sectors, with strong growth during the first part of the year and expectations for further growth as Filta’s larger customers, particularly sports stadia and universities, open up during the third quarter.
Although the reopening of the sector has been more cautious in the UK than in the US, Filta says there is some momentum building, albeit that full reopening is now to be held back for a further month until later in July.
However, the company has benefitted from its focus on supermarkets and fast food chains and believes that the recovery of UK revenue streams will not be impacted by the delay to reopening. Filta will continue to monitor developments in the UK going forward.
The company further analysed that while Europe continues to lag both the US and the UK in terms of both the vaccine delivery and the reopening of business, the firm has continued to develop new business opportunities and believes that as widespread vaccination is achieved, businesses will reopen and “the hard work that has been put in will result in more signings of new franchisees”.