Franchise Brands plc

FRAN

GB00BD6P7Y24

Entertainment Production

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03-25	Avolta Wins Contract to Open 17 Food, Beverage Stores at Cologne Bonn Airport in Germany	MT

Franchise Brands says Pirtek Europe acquisition presents big growth opportunities

May 22, 2023 at 03:02 am

(via NewsDirect)

Franchise Brands PLC executive chairman Stephen Hemsley speaks to Proactive about the transformational acquisition of Pirtek Europe, an established provider of B2B on-site hydraulic hose replacement. Hemsley said Pirtek is highly complementary to Franchise Brands' existing businesses as it builds a B2B services business across North America, the UK, and Europe. Growth opportunities for Pirtek include expanding its reactive services and venturing into planned services, such as total hose management. Franchise Brands also sees the potential to leverage Pirtek's footprint to develop its underdeveloped Filta business in Europe.

Contact Details

Proactive UK Ltd

+44 20 7989 0813

uk@proactiveinvestors.com

Latest news about Franchise Brands plc

Saudi Arabia's Cenomi Retail to Sell Additional Franchise Brands for SAR219 Million	04-01	MT
Avolta Wins Contract to Open 17 Food, Beverage Stores at Cologne Bonn Airport in Germany	03-25	MT
Franchise Brands sets targets, Cindrigo agrees loan	02-20	AN
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Franchise Brands confirms new management structure	23-09-04	AN
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Franchise Brands Reorganizes Board, Management Structure	23-09-04	MT
Franchise Brands plc Announces Executive Changes	23-09-04	CI
Franchise Brands hires new finance chief after reporting revenue soars	23-07-28	AN
FTSE 100 Closes Thursday Up 0.2% After ECB Strikes Dovish Tone	23-07-27	DJ
EARNINGS UPDATES: Amigo revenue collapses, SRT Marine surges	23-07-27	AN
Britain's Franchise Brands Appoints New CFO	23-07-27	MT
Earnings Flash (FRAN.L) FRANCHISE BRANDS Reports H1 Loss GBX-0.78	23-07-27	MT
Franchise Brands plc Announces Executive Changes	23-07-27	CI
Franchise Brands plc Announces Step Down of Andrew Mallows from the Board	23-07-27	CI
Franchise Brands plc Announces Interim Dividend, Payable on 13 October 2023	23-07-27	CI
Franchise Brands plc Reports Earnings Results for the Half Year Ended June 30, 2023	23-07-27	CI
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Company Profile

Franchise Brands plc is a United Kingdom-based multi-brand franchisor focused on building businesses primarily via a franchise model. It has a combined network of over 625 franchisees across seven franchise brands in ten countries covering the United Kingdom, North America and Europe. Its divisions include B2B, Filta International, Pirtek, B2C and Azura. B2B Division includes Metro Rod, Metro Plumb, Willow Pumps, the Filta UK direct labor operations (DLO) and the UK Filta Environmental franchise network. Filta UK comprises a range of complementary DLO services including fridge and freezer seal replacement. Filta International division operates a franchise network that comprises the franchise activities of Filta in North America and mainland Europe. Pirtek division provides on-site hydraulic hose replacement and associated services. B2C division comprises the ChipsAway, Ovenclean and Barking Mad franchise businesses. Azura division is a franchise management software system developer.

Sector

Entertainment Production

Calendar

2024-07-24 - Q2 2024 Earnings Release (Projected)

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C-

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Sell

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BUY

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Last Close Price

1.91 GBP

Average target price

3.233 GBP

Spread / Average Target

+69.28%

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Franchise Brands plc

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FRAN

GB00BD6P7Y24

Entertainment Production

Franchise Brands says Pirtek Europe acquisition presents big growth opportunities

Contact Details

Latest news about Franchise Brands plc

Chart Franchise Brands plc

Company Profile

Income Statement Evolution

Ratings for Franchise Brands plc

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Annual profits - Rate of surprise

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