DJ Hardman & Co Research: Filta Group (FLTA): Upbeat outlook
Hardman & Co Research
Hardman & Co Research: Filta Group (FLTA): Upbeat outlook
25-March-2021 / 09:05 GMT/BST
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Hardman & Co Research: Upbeat outlook
Filta Group (Filta) announced that it had remained EBITDA-positive in 2020, despite most of its customers closing for
part of the period and revenue falling by a third. Net debt fell to GBP0.5m. The US reopening is accelerating, while the
UK is due to follow in April. Filta has used the period to reduce costs and improve its business model. We expect it to
emerge as an even better business as COVID-19 is tamed. Our forecasts are reinstated: we see 2021 EBITDA similar to
2018, and we estimate a record GBP4.5m for 2022.
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(END) Dow Jones Newswires
March 25, 2021 05:05 ET (09:05 GMT)