Filta Group Holdings PLC (AIM:FLTA) said its underlying earnings (EBITDA) for the year would be slightly ahead of analysts’ forecasts after a strong third-quarter’s trading continued into October.
The company, which provides fryer management and kitchen services, said revenues in the three months just ended were 10% higher than pre-pandemic levels and 63% up on the same period last year. This was driven by higher waste oil collections and increased equipment sales.
In the same announcement, the group set out its environmental goals, including having a net-zero impact on the environment by 2035.
Filta pointed out that, through its proprietary FiltaFry process, it helped US customers save over nine million litres of cooking oil last year.
It also noted that its cooking oil recycling during the same period delivered a CO2 reduction of 26,500 tonnes.
"We have always been very conscious of the need to look after our environment and these latest statistics have measured in detail the significant reductions in waste and emissions linked to us and our customers,” said chief executive, Jason Sayers.
“Whilst good progress is being made, there is still much to be done to help our customers reduce their impact further and achieve Filta's goal of being net-zero carbon by 2035."