Franchise Brands (FRAN)

Sector:

Support

Index:

FTSE AIM 50

134.50p
   
  • Change Today:
    -2.50p
  • 52 Week High: 186.00p
  • 52 Week Low: 125.00p
  • Currency: UK Pounds
  • Shares Issued: 193.78m
  • Volume: 128,773
  • Market Cap: £260.63m

Franchise Brands to put B2C division up for sale

By Michele Maatouk

Date: Thursday 09 Mar 2023

LONDON (ShareCast) - (Sharecast News) - AIM-listed Franchise Brands said on Thursday that it was putting its B2C division up for sale, as it posted better-than-expected full-year results.
In the 12 months to the end of December 2022, adjusted earnings before interest, taxes, depreciation and amortisation jumped 80% to £15.3m, while adjusted pre-tax profit was 98% higher at £12.8m. Revenue increased 72% to £99.2m and the company said this reflected record organic growth from the B2B division, complemented by the acquisition of Filta.

Basic earnings per share were up 54% on the previous year to 6.81p and Franchise lifted its total dividend for the year by 33% to 2p a share.

The company said Filta International delivered strong results, ahead of its expectations, driven by the full recovery in its key commercial customer sectors and the elevated price of cooking oil. It also hailed an "excellent" performance from the newly-created B2B division, with revenue up 34%.

Meanwhile, Metro Rod and Metro Plumb system sales grew 19% to a record £60m.

The company also announced that it has decided to put its B2C division up for sale after a strategic review found there are greater opportunities for the group for organic, acquisitive and international growth within the B2B franchise sector.

Executive Stephen Hemsley said: "The excellent momentum in the B2B businesses has continued in 2023 to date, as we capture the defensive growth opportunities afforded by the group's mostly essential services, strong leadership positions in its chosen markets, and reputation for high quality, reliable services among its diversified client base.

"We look forward with confidence to expanding the business organically and by seeking further earnings-enhancing acquisitions. We have clear opportunities to grow our franchise businesses through further investment in sales and marketing, supporting franchisees to expand their services, and leveraging efficiency-enhancing technology. In addition, our focus on B2B franchise businesses provides a strong platform from which to seek selective acquisitions of van-based businesses that provide essential services, as we seek to expand our international footprint."

At 1355 GMT, the shares were up 9.5% at 230p.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

FRAN Market Data

Currency UK Pounds
Share Price 134.50p
Change Today -2.50p
% Change -1.82 %
52 Week High 186.00p
52 Week Low 125.00p
Volume 128,773
Shares Issued 193.78m
Market Cap £260.63m

FRAN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
79.78% below the market average79.78% below the market average79.78% below the market average79.78% below the market average79.78% below the market average
76.47% below the sector average76.47% below the sector average76.47% below the sector average76.47% below the sector average76.47% below the sector average
Price Trend
48.75% below the market average48.75% below the market average48.75% below the market average48.75% below the market average48.75% below the market average
37.63% below the sector average37.63% below the sector average37.63% below the sector average37.63% below the sector average37.63% below the sector average
Income
61.73% below the market average61.73% below the market average61.73% below the market average61.73% below the market average61.73% below the market average
62.96% below the sector average62.96% below the sector average62.96% below the sector average62.96% below the sector average62.96% below the sector average
Growth
77.34% above the market average77.34% above the market average77.34% above the market average77.34% above the market average77.34% above the market average
77.27% above the sector average77.27% above the sector average77.27% above the sector average77.27% above the sector average77.27% 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 11-Sep-25 08-May-25
Paid 26-Sep-25 23-May-25
Amount 1.15p 1.30p

Trades for 29-Aug-2025

Time Volume / Share Price
16:35 1,490 @ 134.50p
16:35 1 @ 134.50p
16:35 308 @ 134.50p
16:35 121 @ 134.50p
16:35 257 @ 134.50p

FRAN Key Personnel

CEO Peter Molloy
CFO Andrew Mallows

Top of Page