Franchise Brands (FRAN.L) today reported positive results as the strategy for Metro Rod begins to deliver, with the long-term potential underscored by ‘Vision 2023’. Adjusted EBITDA rose 46% to £1.8m (H1 2017: £1.3m) and adjusted EPS increased 15% to 1.5p vs 1.3p YoY. Management outlined their confidence in the Group’s H1 trading and increased the interim dividend 24%. We continue to believe in the long-term potential of Metro Rod and the wider Group and take confidence from the increased qualit ....
26 Jul 2018
20:23 vision. Franchise Brands ready for strong growth.
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20:23 vision. Franchise Brands ready for strong growth.
Franchise Brands plc (FRAN:LON) | 198 22.7 6.2% | Mkt Cap: 382.7m
- Published:
26 Jul 2018 -
Author:
Thomas Like -
Pages:
3
Franchise Brands (FRAN.L) today reported positive results as the strategy for Metro Rod begins to deliver, with the long-term potential underscored by ‘Vision 2023’. Adjusted EBITDA rose 46% to £1.8m (H1 2017: £1.3m) and adjusted EPS increased 15% to 1.5p vs 1.3p YoY. Management outlined their confidence in the Group’s H1 trading and increased the interim dividend 24%. We continue to believe in the long-term potential of Metro Rod and the wider Group and take confidence from the increased qualit ....