Franchise Brands has reported robust 2018 results that are ahead of our expectations, with PBT/EPS of £2.9m/3.0p vs DCe £2.7m/2.8p. Vision 2023, the five-year plan to reinvigorate the Metro Rod franchise community, has delivered strong initial results, with System Sales up +10% and half of franchisees recording double-digit growth while Metro Plumb rose +27%. Development work for new business systems is progressing well and several have been rolled out to the franchises. The three B2C franchises ....
13 Mar 2019
Final results update
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Final results update
Franchise Brands plc (FRAN:LON) | 192 13.5 3.8% | Mkt Cap: 373.0m
- Published:
13 Mar 2019 -
Author:
Paul Richards -
Pages:
4
Franchise Brands has reported robust 2018 results that are ahead of our expectations, with PBT/EPS of £2.9m/3.0p vs DCe £2.7m/2.8p. Vision 2023, the five-year plan to reinvigorate the Metro Rod franchise community, has delivered strong initial results, with System Sales up +10% and half of franchisees recording double-digit growth while Metro Plumb rose +27%. Development work for new business systems is progressing well and several have been rolled out to the franchises. The three B2C franchises ....