Franchise Brands PLC AGM Statement and Q1 Trading Update (7117W)

TIDMFRAN

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:

 
                                               + 44 (0) 1562 
 Franchise Brands plc                           826705 
 Stephen Hemsley, Executive Chairman 
 Chris Dent, Chief Financial Officer 
  Julia Choudhury, Corporate Development 
  Director 
 
 Allenby Capital Limited (Nominated Adviser    +44 (0) 203 
  and Joint Broker)                             328 5656 
 Jeremy Porter / Liz Kirchner 
 
 Dowgate Capital Stockbrokers (Joint           +44 (0) 203 
  Broker)                                       903 7715 
 James Serjeant / Colin Climie 
 
                                               +44 (0) 203 
 MHP Communications (Financial PR)              128 8100 
 Katie Hunt / Patrick Hanrahan 
 

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April 23, 2019 02:00 ET (06:00 GMT)