Franchise Brands (FRAN)

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FTSE AIM 100

179.14p
   
  • Change Today:
      0.64p
  • 52 Week High: 245.00
  • 52 Week Low: 132.50
  • Currency: UK Pounds
  • Shares Issued: 193.78m
  • Volume: 10,121
  • Market Cap: £347.14m

Franchise Brands 'pleased' with progress made in H1

By Iain Gilbert

Date: Monday 05 Jul 2021

LONDON (ShareCast) - (Sharecast News) - Multi-brand franchise business Franchise Brands said on Monday that it was "pleased" with the progress it had made over the past six months.
Franchise said system sales at its Metro Rod wing had returned to their "strong" pre-Covid growth levels, increasing by 21% compared to the first half of 2020 and 17% compared to the first half of 2019 to end on record system sales of £23.8m for the six months ended 30 June.

The AIM-listed group stated growth accelerated during the period as restrictions were eased, resulting in record system sales in June of £4.3m, an increase of 41% year-on-year.

Willow Pumps, acquired by the group in October 2019, was more impacted by lockdown. However, the firm said invoiced sales increased around 9% year-on-year.

Franchise's B2C division also performed "strongly", with 40 new franchisees recruited in the half, taking the group's total number of B2C franchisees to 393.

Chairman Stephen Hemsley said: "I have been pleased by the speed at which the demand for our services has grown as the lockdown restrictions have been lifted.

"Throughout the pandemic, I have been particularly encouraged by the resilience of our franchisees. Their entrepreneurial spirit and continued commitment to serve our customers gives me huge confidence in the future of Franchise Brands."

As of 1315 BST, Franchise shares were down 2.0% at 147.49p.

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FRAN Market Data

Currency UK Pounds
Share Price 179.14p
Change Today 0.64p
% Change 0.36 %
52 Week High 245.00
52 Week Low 132.50
Volume 10,121
Shares Issued 193.78m
Market Cap £347.14m

FRAN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
98.14% below the market average98.14% below the market average98.14% below the market average98.14% below the market average98.14% below the market average
93.33% below the sector average93.33% below the sector average93.33% below the sector average93.33% below the sector average93.33% below the sector average
Price Trend
25.49% above the market average25.49% above the market average25.49% above the market average25.49% above the market average25.49% above the market average
14.85% above the sector average14.85% above the sector average14.85% above the sector average14.85% above the sector average14.85% above the sector average
Income
88.64% below the market average88.64% below the market average88.64% below the market average88.64% below the market average88.64% below the market average
96.92% below the sector average96.92% below the sector average96.92% below the sector average96.92% below the sector average96.92% below the sector average
Growth
84.68% above the market average84.68% above the market average84.68% above the market average84.68% above the market average84.68% above the market average
88.00% above the sector average88.00% above the sector average88.00% above the sector average88.00% above the sector average88.00% above the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 1
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

FRAN Dividends

  Latest Previous
  Interim Final
Ex-Div 14-Sep-23 13-Apr-23
Paid 13-Oct-23 12-May-23
Amount 1.00p 1.10p

Trades for 28-Mar-2024

Time Volume / Share Price
10:46 501 @ 178.00p
09:41 7,000 @ 177.20p
09:24 2,036 @ 178.50p
08:56 29 @ 178.44p
08:52 555 @ 178.44p

FRAN Key Personnel

CFO Mark Fryer

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