Franchise Brands has released a strong trading update for FY2020 which indicates Group revenue, adjusted EBITDA and adjusted EPS are ahead of market expectations. The Group had an impressive Q1, a lockdown-impacted Q2 and a strong-rebound in sales at B2B (67% of pro-forma 2019 EBITDA) and robust franchise recruitment at ChipsAway & Ovenclean (90% of B2C income in 2019) in H2. Franchise Brands took early and decisive action to reduce costs and is now adept at mitigating the impact of national loc ....
12 Jan 2021
Ahead of expectations
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Ahead of expectations
Franchise Brands plc (FRAN:LON) | 178 0 0.0% | Mkt Cap: 345.9m
- Published:
12 Jan 2021 -
Author:
Thomas Like | Paul Richards -
Pages:
4
Franchise Brands has released a strong trading update for FY2020 which indicates Group revenue, adjusted EBITDA and adjusted EPS are ahead of market expectations. The Group had an impressive Q1, a lockdown-impacted Q2 and a strong-rebound in sales at B2B (67% of pro-forma 2019 EBITDA) and robust franchise recruitment at ChipsAway & Ovenclean (90% of B2C income in 2019) in H2. Franchise Brands took early and decisive action to reduce costs and is now adept at mitigating the impact of national loc ....