Franchise Brands (GB:FRAN) has released an update.
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Franchise Brands PLC reports steady performance in line with 2024 market expectations, driven by a resilient demand for its essential reactive services and a significant increase in system sales. The company is focused on reducing debt from the Pirtek Europe acquisition, improving operational efficiency through IT integration, and is poised for growth with plans to expand services and geographical reach for its principal franchise brands. Adjusted net debt is expected to be below £70m, adhering to the strategic financial model set forth by the company.
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