Filta’s strong performance gathers momentum

Filtafry crop
Filta Group is positive about future trading prospects.

Filta Group Holdings, a provider of fryer management and other services to commercial kitchens, is reporting that the company has delivered strong revenue growth through the first half of 2021.

Revenues are up by 20% on the second half of 2020 and, in the current year, Q2 revenues have risen by 29% over Q1.

Since entering the second half of the year, as the vaccination programmes and easing of social restrictions have enabled customers in its core US and UK markets to reopen more sites, revenues have continued to rise.

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The company says it has protected its financial position and strengthened its operational resources over the last 18 months to ensure that it is well placed to capitalise on the returning and growing customer demand now being enjoyed.

Filta previously reported that in the UK, the reopening of the leisure and hospitality sector had been more cautious than in the US but is now gathering momentum. The company believes its decision to focus on supermarkets and fast food chains has been a major factor in driving revenues whilst the hospitality venues have been closed, resulting in an increase in equipment installations and a robust sales pipeline, as its recently-launched Cyclone grease interceptor becomes increasingly recognised.

In line with Filta’s shift to a more capital-light model for the provision of its services, much of the FOG service work in the UK is now being performed by franchisees rather than by directly-employed technicians.

Tags : businessfiltafilta groupfinancial resultsfinancials
Clare Nicholls

The author Clare Nicholls

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