Franchise Brands has reported strong H1 2019 results that are comfortably ahead of our estimates and underpin our FY2019 forecasts. Revenue increased +19% to £20.1m compared with our +5% assumption for the full year. We have forecast Group revenues of £39.8m for FY2020E, yet based on the current run rate, Franchise Brands could exceed this forecast in FY2019. This very strong momentum has been led by a reinvigorated Metro Rod franchisee base with system sales up +15% and 83% of the franchise net ....
23 Jul 2019
Strong foundations.
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Strong foundations.
Franchise Brands plc (FRAN:LON) | 192 0 0.0% | Mkt Cap: 372.1m
- Published:
23 Jul 2019 -
Author:
Thomas Like -
Pages:
9
Franchise Brands has reported strong H1 2019 results that are comfortably ahead of our estimates and underpin our FY2019 forecasts. Revenue increased +19% to £20.1m compared with our +5% assumption for the full year. We have forecast Group revenues of £39.8m for FY2020E, yet based on the current run rate, Franchise Brands could exceed this forecast in FY2019. This very strong momentum has been led by a reinvigorated Metro Rod franchisee base with system sales up +15% and 83% of the franchise net ....