The benefits of the acquisition of Metro Rod are showing through at franchises owner Franchise Brands (LON: FRAN) and there is more to come this year.
Revenues were 24% ahead at £44m and underlying earnings per share were 29% higher at 4.34p. Both figures were better than expected. Net debt was £9.2m. The total dividend was increased by 42% to 0.95p.
Metro Rod
System sales of the Metro Rod business grew by 14%, compared with 8% growth the previous year. Capacity has been increased.
The Willow Pumps acquisition made a better than expected contribution in the three months it was part of ...
