Franchise Brands PLC AGM Statement and Q1 Trading Update (7117W)
23 April 2019 - 4:00PM
UK Regulatory
TIDMFRAN
RNS Number : 7117W
Franchise Brands PLC
23 April 2019
23 April 2019
FRANCHISE BRANDS PLC
("Franchise Brands", the "Company" or the "Group")
AGM statement and Q1 Trading Update
Franchise Brands plc (AIM: FRAN), an international multi-brand
franchisor, will hold its Annual General Meeting today at 11.00am,
at which Stephen Hemsley, Executive Chairman, will provide the
following update:
"Metro Rod's forward momentum in Q1 has continued apace, with
our franchise network growing their system sales by 12.9% (FY2018:
10.4%) resulting in a record quarter. Our Vision 2023 strategy of
providing franchisees with sales and marketing support and new IT
systems has seen 12 of our franchisees achieve year-on-year growth
of over 30% in Q1.
We are encouraged to see that our B2C brands, ChipsAway,
Ovenclean and Barking Mad, have had a positive start to the year
and that franchisee recruitment has improved.
Overall, the group is trading well, and the board looks forward
to the remainder of the year with confidence."
Enquiries:
+ 44 (0) 1562
Franchise Brands plc 826705
Stephen Hemsley, Executive Chairman
Chris Dent, Chief Financial Officer
Julia Choudhury, Corporate Development
Director
Allenby Capital Limited (Nominated Adviser +44 (0) 203
and Joint Broker) 328 5656
Jeremy Porter / Liz Kirchner
Dowgate Capital Stockbrokers (Joint +44 (0) 203
Broker) 903 7715
James Serjeant / Colin Climie
+44 (0) 203
MHP Communications (Financial PR) 128 8100
Katie Hunt / Patrick Hanrahan
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END
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