HARDMAN & CO RESEARCH Hardman & Co Research: Filta Group (FLTA) FOG is lifting

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16/09/2020 11:00

Hardman & Co Research
Hardman & Co Research: Filta Group (FLTA) FOG is lifting

16-Sep-2020 / 10:00 GMT/BST


Hardman & Co Research: FOG is lifting

Filta Group (Filta) announced that it remained EBITDA-positive in 1H'20, despite most of its customers closing for part of the period. Business is returning as customers reopen, with sports stadia expected to be the last to resume catering. Filta has used the period to reduce costs and improve its business model. We expect it to emerge as an even better business when COVID-19 is tamed. Our 2020 forecasts remain suspended..

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About Hardman & Co: For the past 25 years Hardman has been producing specialist research designed to improve investors' understanding of companies, sectors, industries and investment securities. Our analysts are highly experienced in their sectors, and have often been highly rated by professional investors for their knowledge.  Our focus is to raise companies' profiles across the UK and abroad with outstanding research, investor engagement programmes and advisory services. Some of our notes have been commissioned by the company which is the subject of the note; this is clearly stated in the disclaimer where this is the case.

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End of Announcement - EQS News Service

1132399  16-Sep-2020 

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