Franchise Brands hikes dividend 36% after generating record profits
The existing businesses have started the new year on the front foot, with continuing sales growth reported in the B2B division and steady recruitment in the B2C division
Company
Franchise Brands PLC
LON:FRAN
Franchise Brands PLC is an international, multi-brand franchisor focused on building market-leading businesses primarily via a franchise model. The company has a combined network of over 625 franchisees across seven franchise brands in ten countries covering the UK, North America and Europe. Franchise Brands' focus is on B2B van-based reactive and planned services. The company owns several market-leading brands with long trading histories, including Pirtek in Europe, Filta, Metro Rod and Metro Plumb, all of which benefit from the group's central support services, particularly technology, marketing and finance.
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Franchise Brands agrees all-share offer for Filta Group
“The enlarged group will have a strong balance sheet, with a high level of liquidity, putting it in a strong position to support our franchisees, invest in the business and our people, pursue a progressive dividend policy and take advantage
Franchise Brands hails 'fantastic' 2021 as Metro Rod growth underpins full-year performance
The Metro Rod drainage business broke through £50mln of system sales in 2021
Franchise Brands on the hunt for new financial officer
The company's shares ended December 6 priced at 146p, marking a 48.2% rise in the year-to-date
Franchise Brands acquires software platform in £825,000 deal
The company has been working with Azura Group Ltd since 2018
Franchise Brands profits running at record levels
Commercial drainage business Metro Rod's sales jumped 32%
Franchise Brands confirms strong recovery in first half
"We are confident that the full year performance will be ahead of current consensus market expectations," said executive chair Stephen Hemsley
Franchise Brands posts record sales at Metro Rod
The firm is to deliver a full-year performance at least in line with market expectations
Franchise Brands says plumbing businesses swamped with orders following easing of lockdown restrictions
You might say that Metro Rod and Metro Plumb are plumbing new heights
Proactive news headlines: Franchise Brands, 88 Energy, AFC Energy, Advance Energy...
A glance at some of the day's highlights from the Proactive Investors newswire
Franchise Brands firing on all cylinders
Underlying earnings grew by almost a quarter in the first three months of the year
Franchise Brands highlights positive start to 2021 trading
“We look forward to the remainder of 2021 with confidence,” said chairman Stephen Hemsley
Franchise Brands tops expectations in 2020
The company believes it has the correct strategy to thrive in the post-pandemic environment
Franchise Brands confident of meeting full year expectations as trading recovers
The company said its B2B division, which includes its portfolio of drainage, plumbing and pump brands, had seen sales grow by an average of 8% per month from June onwards as the UK economy emerged from lockdown
Franchise Brands looking for acquisitions as it emerges from lockdown
Turnover was boosted by the acquisition of Willow Pumps
Franchise Brands raises £14mln as plumbing businesses see continuing demand
The firm said it expected its B2B division, which includes Metro Rod, Metro Plumb and Willow Pumps, to continue to trade profitably during the coronavirus lockdown
Franchise Brands urges shareholders to take share alternative for dividend
“We do expect to remain profitable overall, albeit at lower levels than originally anticipated"
Franchise Brands views 2020 with "considerable confidence" after strong 2019 growth
Franchise Brands said trading in the current year has started well
Franchise Brands confirms significant growth in 2019 and strong start to current year
Drain maintenance group Metro Rod led the improvement with 14% higher sales
Franchise Brands acquires Willow Pumps to expand Metro Rod network
The water pump supply, installation and servicing business will complement the services provided by Metro Rod, acquired two years ago