Hardman & Co Research: Filta Group (FLTA): Strong and transformative year in 2018
Filta Group (Filta) provides cleaning services to commercial kitchens in North America, the UK and, more recently, mainland Europe. The company reported a strong set of figures for FY18, in line with our expectations. In addition to buying in the European master franchise, it has made a major step in acquiring Watbio, which will increase the company-owned operations and reinforce the UK side of the business. Revenues should prove both consistent and persistent, and there is scope for continuing growth for many years, in our view.
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