AGM and Q1 Trading Statement

RNS Number : 9961L
Franchise Brands PLC
25 April 2018
 

25 April 2018

FRANCHISE BRANDS PLC

("Franchise Brands", the "Company" or the "Group") 

AGM and Q1 Trading Statement

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:

"Group trading in the three months to 31 March 2018 has been marginally ahead of management's expectations. In particular, the number of jobs completed by Metro Rod and Metro Plumb was up by 16% year-on-year to record levels, although the average order size was slightly lower due to the heavy rain and snow resulting in more lower value emergency plumbing and drainage jobs. Costs were well-controlled with the headcount at Metro Rod falling by 16% year-on-year, as the benefits of the IT investment in that business start to become apparent. The Board looks forward to the remainder of the year with confidence."

 

Enquiries:

Franchise Brands plc

+ 44 (0) 1562 826705

Stephen Hemsley, Executive Chairman

 

Chris Dent, Chief Financial Officer
Julia Choudhury, Corporate Development Director

 

 

 

Allenby Capital Limited (Nominated Adviser and Joint Broker)

+44 (0) 203 328 5656

Jeremy Porter/ Liz Kirchner

 

 

 

Dowgate Capital Stockbrokers (Joint Broker)

+44 (0) 203 903 7715

James Serjeant

 

 

 

MHP Communications (Financial PR)

+44 (0) 203 128 8794

Katie Hunt

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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