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AGM Statement and Q1 Trading Update

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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:

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 / Colin Climie




MHP Communications (Financial PR)

+44 (0) 203 128 8100

Katie Hunt / Patrick Hanrahan


 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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