Franchise Brands has reported impressive 2019 results, ahead of our forecasts at all levels. Fee and direct labour income increased +35% led by a strong growth in Metro Rod system sales, impressive recruitment among the B2C brands and a 3-month contribution from Willow Pumps. The Vision 2023 strategy has been well received by Metro Rod franchisees and system sales have grown at a CAGR of +12% in the three years Franchise Brands has owned the business. This impressive sustained growth has resu
05 Mar 2020
Price Data Seeing the benefits of Vision 2023
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Price Data Seeing the benefits of Vision 2023
Franchise Brands plc (FRAN:LON) | 185 -4.6 (-1.3%) | Mkt Cap: 358.5m
- Published:
05 Mar 2020 -
Author:
Thomas Like -
Pages:
9
Franchise Brands has reported impressive 2019 results, ahead of our forecasts at all levels. Fee and direct labour income increased +35% led by a strong growth in Metro Rod system sales, impressive recruitment among the B2C brands and a 3-month contribution from Willow Pumps. The Vision 2023 strategy has been well received by Metro Rod franchisees and system sales have grown at a CAGR of +12% in the three years Franchise Brands has owned the business. This impressive sustained growth has resu