Franchise Brands’ Q3 trading update provides investors with a number of positives. Given the mostly essential nature of the Group’s reactive services, all B2B businesses have traded at record levels while profitability in B2C activities is in line with management expectations. In addition, we are pleased to see that debt levels are reducing. The Board expects Group adjusted EBITDA to be in line with consensus forecasts. However, given the rise in interest rates on the Group’s debt, we are easing ....
25 Oct 2023
Allenby Capital: Franchise Brands Q3 update
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Allenby Capital: Franchise Brands Q3 update
Franchise Brands plc (FRAN:LON) | 190 0 0.0% | Mkt Cap: 369.2m
- Published:
25 Oct 2023 -
Author:
Ian Jermin -
Pages:
5
Franchise Brands’ Q3 trading update provides investors with a number of positives. Given the mostly essential nature of the Group’s reactive services, all B2B businesses have traded at record levels while profitability in B2C activities is in line with management expectations. In addition, we are pleased to see that debt levels are reducing. The Board expects Group adjusted EBITDA to be in line with consensus forecasts. However, given the rise in interest rates on the Group’s debt, we are easing ....