Franchise Brands plc

07/22/2021 | Press release | Distributed by Public on 07/22/2021 07:46

Interim Results 2021

Interim Results 2021

22nd July 2021

Franchise Brands plc (AIM: FRAN) is pleased to announce its interim results for the 6M ended 30 June 2021. EBITDA increased by 50% to £4.2m on the back of strong revenue recovery, despite the Q1 lockdown.

Stephen Hemsley, Executive Chairman, said: 'The first half of 2021 has been a period of strong recovery from the COVID-impacted performance in 2020, despite the lockdown in Q1. The strength of our brands, our people and our franchisees have allowed us to weather the storm and emerge fitter and stronger as both a team and as a business. We look forward to the second half of the year and beyond with great optimism. We are confident that the full-year performance will be ahead of current consensus market expectations.'

For further information:

Franchise Brands PLC boss says revenues rose by 21% in interim results