We take significant encouragement from the Franchise Brands’ AGM statement which reveals that Q1 adjusted EBITDA was ahead 24% year on year (yoy) at a record £2m (Q1 2020: £1.6m). The strong start to the year serves to underpin the organic element of the Board’s financial growth strategy that seeks to achieve a revenue run-rate of £100m and adjusted EBITDA of £15m by the end of 2023. The promising start points to another year of strong earnings growth and cash generation which we expect to be re ....
20 Apr 2021
Strong Q1 performance and positive outlook for year
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Strong Q1 performance and positive outlook for year
Franchise Brands plc (FRAN:LON) | 192 0 0.0% | Mkt Cap: 372.1m
- Published:
20 Apr 2021 -
Author:
Ian Jermin -
Pages:
5
We take significant encouragement from the Franchise Brands’ AGM statement which reveals that Q1 adjusted EBITDA was ahead 24% year on year (yoy) at a record £2m (Q1 2020: £1.6m). The strong start to the year serves to underpin the organic element of the Board’s financial growth strategy that seeks to achieve a revenue run-rate of £100m and adjusted EBITDA of £15m by the end of 2023. The promising start points to another year of strong earnings growth and cash generation which we expect to be re ....