Filta Group (Filta) announced 1H’21 results in line with expectations. Our forecasts are largely unchanged. What is even more clear is that the business has performed robustly during COVID-19, adding new clients and becoming an important part of its clients’ processes. Revenues were back to 80% of 1H’19, with the US leading the way, and with its largest clients yet to reopen, Filta is emerging from this fog stronger than ever. Assuming that there is no reversion to widescale lockdowns, our forecasts should prove conservative.
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