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Last checked at 
23 Apr 2019 07:00
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:
Franchise Brands plc | + 44 (0) 1562 826705 |
Stephen Hemsley, Executive Chairman | |
Chris Dent, Chief Financial OfficerJulia Choudhury, Corporate Development Director | |
Allenby Capital Limited (Nominated Adviser and Joint Broker) | +44 (0) 203 328 5656 |
Jeremy Porter / Liz Kirchner | |
Dowgate Capital Stockbrokers (Joint Broker) | +44 (0) 203 903 7715 |
James Serjeant / Colin Climie | |
MHP Communications (Financial PR) | +44 (0) 203 128 8100 |
Katie Hunt / Patrick Hanrahan |
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