Hardman & Co Research
Hardman & Co Research: Filta Group (FLTA) FY19 interim results
09-Sep-2019 / 09:40 GMT/BST
Hardman & Co Research: FY19 interim results
Filta Group (Filta) provides cleaning services to commercial kitchens in North
America, the UK and, more recently, mainland Europe. The company reported
EBITDA for 1H19 marginally below our expectations - it has taken a little
longer to get the benefit of cost savings following the Watbio acquisition.
Our EBITDA expectations for 2020 are scarcely altered. At the EPS level, we
have put through some additional non-cash related costs: share-based payments,
IFRS16 impacts and higher amortisation than expected.
Please click on the link below for the full report:
https://www.hardmanandco.com/research/corporate-research/fy19-interim-results/
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870439 09-Sep-2019
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(END) Dow Jones Newswires
September 09, 2019 04:40 ET (08:40 GMT)
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