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 shares drop on uncertain outlook

By Benjamin Chiou

Date: Tuesday 12 Nov 2024

LONDON (ShareCast) - (Sharecast News) - Shares in AIM-listed Franchise Brands dropped sharply on Tuesday after the franchisor said that full-year profits are likely to come in at the lower end of market forecasts.
The company, which builds B2B van-based businesses primarily via a franchise model, said that it has seen "resilient underlying demand" for its essential reactive and planned services during the second half so far, though non-essential work continued to see softer demand.

However, an anticipated recovery in project work has been pushed back to next year "due to continued macroeconomic uncertainty and challenging conditions in some markets".

As a result, adjusted EBITDA for 2024 is now expected to be at the lower end of the £35.7m-£37.0m consensus forecast range.

"Demand for our essential reactive services continues to drive a resilient performance despite softer demand for non-essential work. We expect this deferred work will be required, albeit the exact timing is uncertain and so we are cautiously assuming a recovery beyond the current year," said executive chair Stephen Hemsley.

"All our integration and de-gearing initiatives remain on track, which will enhance our operational gearing and EPS growth, respectively, in future years."

The stock was down nearly 9% at 166.40p by 0914 GMT.

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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

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