HARDMAN & CO RESEARCH Hardman & Co Research: Filta Group (FLTA): Upbeat outlook
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Hardman & Co Research
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 £0.5m. 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 £4.5m for 2022. Please click on the link below for the full report: https://www.hardmanandco.com/research/corporate-research/upbeat-outlook/ If you are interested in meeting the company, you can register your interest by clicking on the above link
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1178409 25-March-2021