Filta Group Holdings PLC (LON:FLTA) said it is continuing to experience “an increasing level of demand” for its services across all of its markets as lockdown restrictions are eased and vaccine rollouts continue.
In an update ahead of its AGM on Wednesday, the provider of fryer management services to commercial kitchens said it has seen “strong growth” in its US market during the first half of the year thanks to a “faster than anticipated” reopening of the hospitality and leisure sectors, adding that it expects further growth as its larger customers, particularly sports stadia and universities, reopen in the third quarter.
Meanwhile, Filta said there is also “some momentum building” in the UK despite a delay to the reopening schedule into July, adding that it has benefitted from its focus on supermarkets and fast food chains and believes the recovery of its UK revenue streams “will not be impacted by the delay to reopening”.
The company also said its European market “continues to lag” behind the UK and US in terms of vaccine delivery and reopening, however, it said it has “continued to develop new business opportunities” and believes once widespread vaccination is achieved businesses will reopen and the firm’s efforts will “result in more signings of new franchisees”.
The company’s shares jumped 3.9% to 186p in early deals.