AGM Statement and Trading Update

RNS Number : 2723J

Franchise Brands PLC

26 April 2022

 

26 April 2022

Franchise Brands plc

("Franchise Brands" or the "Group")

AGM Statement and Q1 Trading Update

Strong momentum continued in Q1 2022

Integration of Filta Group Holdings plc has started well

Franchise Brands plc (AIM: FRAN),  an international multi-brand franchise business , will hold its Annual General Meeting today at 11.00am, at which Stephen Hemsley, Executive Chairman, will provide the following update:

"We are pleased to announce that the Group has seen a continuation of the strong momentum of sales and EBITDA growth that was a feature of 2021. In addition, Filta Group Holdings plc ("Filta") has made a positive contribution to the Group following the completion of our merger in early March.

The integration of Filta into the Group is progressing well. The senior teams of each of our businesses have visited each of the Group's offices and depots and are working together to identify cross-selling opportunities and synergies that will benefit the enlarged Group moving forward.

To maximise what we believe are significant growth opportunities for the B2B businesses, Peter Molloy, Managing Director of Metro Rod and Metro Plumb has been promoted to Managing Director of the enlarged Group's B2B division in the UK, with additional responsibility for Willow Pumps and Filta's UK business.

Overall, the Group is trading well, and the Board looks forward to the rest of the year with considerable confidence."

Enquiries:

Franchise Brands plc	+ 44 (0) 1625 813231
Stephen Hemsley, Executive Chairman
Brian Hogan, Chief Financial Officer
Julia Choudhury, Corporate Development Director
Allenby Capital Limited (Nominated Adviser and Joint Broker)	[phone]
Jeremy Porter / Liz Kirchner (Corporate Finance) Amrit Nahal (Sales and Corporate Broking)
Dowgate Capital Limited (Joint Broker)	[phone]
James Serjeant / Colin Climie / Nicholas Chambers
MHP Communications (Financial PR)	[phone]
Katie Hunt / Catherine Chapman	[phone]
	[e-mail]

About Franchise Brands plc

Franchise Brands is focused on building market-leading businesses in selected customer segments, primarily via a franchise model.  The Group currently has a combined network of over 600 franchisees across six principal franchise brands in the UK, North America and Europe. Our focus is on established brands which can benefit from our shared support services, specialist sector expertise, management experience and group resources.

Our B2B brands are Metro Rod, Metro Plumb, Filta and Willow Pumps, and our B2C brands are ChipsAway, Ovenclean and Barking Mad. Each of our brands are leaders in their respective markets. The combined trading history of all the Group's brands is over 190 years.   Franchise Brands employs over 430 people from 5 principal offices in the UK as well as Orlando, Florida and the Netherlands.

For further information, visit  www.franchisebrands.co.uk .

 

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