Retail & consumerRetail
viewFranchise Brands PLC

Franchise Brands reinvigorates the Metro Rod franchise

"The investment we are making in the business systems is already delivering improvements, with sustained benefits expected to be realised over the longer term at Metro Rod," the company said

Drainage pipes
Consensus expectations are for EPS of 2.89p on revenue of £32.78mln

Franchise Brands PLC (LON:FRAN) saw its shares rise on Tuesday as the international franchisor said it expects revenues and profits for 2018 to be “at least” in line with consensus market expectations.

The Metro Rod franchise delivered impressive top-line growth in 2018 while the ChipsAway, Ovenclean and Barking Mad franchise operations continue to be highly cash generative, although the group did caution that franchise recruitment has slowed.

READ Franchise Brands profits jump as Metro Rod starts to pull weight

Trading in the initial weeks of 2019 has been positive, with job intake at Metro Rod up on the same period from 2018 and healthy levels of franchise enquiries at ChipsAway, Ovenclean and Barking Mad.

"We are very encouraged by the prospects for Franchise Brands as we enter 2019,” said Stephen Hemsley, the executive chairman of Franchise Brands.

“Our Vision 2023 growth strategy for Metro Rod has met with real engagement from a re-invigorated franchise community, with half of the network recording double-digit sales growth in 2018. Our balance sheet and strong cash flows from our brands support our buy-and-build strategy,” he added.

In afternoon trading, shares in Franchise Brands were up 3.1% at 66.5-0p.

 -- Adds share price --

Quick facts: Franchise Brands PLC

Price: 93.5 GBX

Market: AIM
Market Cap: £74.16 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Franchise Brands PLC named herein, including the promotion by the Company of Franchise Brands PLC in any Content on the Site, the Company...



“A lot of businesses could benefit from professional central services,” says...

“A lot of people who operate franchises don’t do marketing, finances, recruitment or IT very well, so we use those skills we have in franchising to help the owners grow the franchise network,” Stephen Hemsley told Proactive. The executive chair of Franchise Brands PLC (LON:FRAN) also said...

on 26/3/18

2 min read