Franchise Brands sees annual results 'at least' in line with market expectations

Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Franchise business Franchise Brands said it expected to report annual results 'at least' in line with market expectations as sales at Metro Rod returned to their pre-COVID growth levels in the first half of the year.

For the six-month period ended 30 June 2021, system sales at Metro Rod increased by 21% to a record £23.8 million year-on-year, and were 17% higher compared to H1 2019.

'The growth accelerated during the period as restrictions have been eased resulting in record system sales in June of £4.3m, an increase of 41% compared to H1 2020 and 26% compared to H1 2019,' the company said.

The interim results for the six-month period ended 30 June 2021 are expected to be announced on 22 July 2021.