Franchise Brands, a multi-brand franchisor, has issued a trading update for the year ending 31 December 2018. The Board expects revenue and profits for the year to be ‘at least’ in line with consensus market expectations, ahead of our current forecasts. Metro Rod has performed well with encouraging early progress made with the Board’s ‘Vision 2023’ strategy. The three B2C businesses continue to improve earnings quality as FRAN’s Management Service Fee (MSF) from franchisees increases. We expect ....
15 Jan 2019
Trading update, beating consensus forecasts.
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Trading update, beating consensus forecasts.
Franchise Brands plc (FRAN:LON) | 192 13.5 3.8% | Mkt Cap: 373.0m
- Published:
15 Jan 2019 -
Author:
Thomas Like -
Pages:
3
Franchise Brands, a multi-brand franchisor, has issued a trading update for the year ending 31 December 2018. The Board expects revenue and profits for the year to be ‘at least’ in line with consensus market expectations, ahead of our current forecasts. Metro Rod has performed well with encouraging early progress made with the Board’s ‘Vision 2023’ strategy. The three B2C businesses continue to improve earnings quality as FRAN’s Management Service Fee (MSF) from franchisees increases. We expect ....