Franchise Brands predicts forecast-beating revenues

Franchise Brands now anticipates annual revenues and profits will outstrip forecasts following healthy performances from its two largest businesses.

The AIM-listed company said kitchen services provider Filta had performed very strongly across North America, while commercial drainage specialist Metro Rod experienced robust trading in the UK.

Having acquired Filta for £49.2million earlier this year, the group noted the division was benefiting heavily from the increasing price of cooking oil, which franchisees often amass before selling to other customers.

Filta Group plc (LON:FLTA) is a market-leading, commercial kitchen services business, servicing restaurants, supermarkets, stadiums, healthcare, education, hotels and amusement parks. Trusted by many global brands, they specialise in Fryer Management and Grease & Drain Management, servicing businesses that require regular maintenance.

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