StockMarketWire.com - Filta Group said it expected revenue and profits would be 'skewed slightly' more than usual towards the second half, and that full-year performance would be in line with market expectations amid progress on integrating Filta and Watbio.

The company said it expected to see the full benefits of the combination of Filta and Watbio in the second half of the year through increased revenues and improved margins.

During the first half of 2019, the combined Watbio and GMG revenues had been 'similar to what they achieved in the same period of the previous year, and those of FiltaSeal are up by 18%,' the company said.

In North America, FiltaFry achieved double digit growth in royalty and national account income, driven by the enlarged fleet of mobile filtration units (MFUs) , which had increased by 14 in the first 5 months of the year, taking the total to 406, up from 366 last year.

'We have also seen continued progress in Europe, with a further 5 franchisees and 5 MFUs added in the current year already, taking us to 17 franchisees and 20 MFUs across 4 different countries,' the company added.

'Having invested in additional resources to support this growth, we expect that our European business will be trading profitably on a monthly basis by the end of the year.'


At 9:55am: [LON:FLTA] Filta Group Holdings Plc share price was -16p at 209p



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