Franchise Brands has released a very positive trading update for the year ended 31 December 2021. Highlights include excellent growth from Metro Rod/Metro Plumb where system sales rose by 24% year-on-year (yoy) to a record £50.4m, sales at Willow Pumps ahead by 11% in the year and the recruitment of 57 new franchisees in the B2C division to date. We upgraded forecasts following the interim results in July and we consider that today’s trading update supports these forecasts.
11 Jan 2022
Continuation of strong organic growth in 2021
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Continuation of strong organic growth in 2021
Franchise Brands plc (FRAN:LON) | 182 0 0.0% | Mkt Cap: 352.7m
- Published:
11 Jan 2022 -
Author:
Ian Jermin -
Pages:
2
Franchise Brands has released a very positive trading update for the year ended 31 December 2021. Highlights include excellent growth from Metro Rod/Metro Plumb where system sales rose by 24% year-on-year (yoy) to a record £50.4m, sales at Willow Pumps ahead by 11% in the year and the recruitment of 57 new franchisees in the B2C division to date. We upgraded forecasts following the interim results in July and we consider that today’s trading update supports these forecasts.