Franchise Brands PLC (AIM:FRAN) (AIM:FRAN) Stephen Hemsley joins Proactive to talk about their performance over the last three months.
He explains how this period has been driven by its commercial drainage business Metro Rod where sales jumped 32%. And the B2C division continues to perform well, with 52 new recruits year-to-date, which is ahead of 2020 and in line with 2019.
As a result, underlying profits [adjusted EBITDA] for the quarter and year to date are at record levels, with the business on track to meet market consensus year-end forecasts for revenue of £58.2mln and underlying profits of £8.4mln.