Franchise Brands (GB:FRAN) has released an update.
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Franchise Brands PLC reports solid performance with a 42% increase in system sales, achieving £206.0m, and a rise in adjusted EBITDA by 45% to £17.8m for the first half of 2024. The company successfully integrated Pirtek Europe, contributing to record system sales in key divisions, and is on track to meet full-year market expectations for adjusted EBITDA. In addition, the company has managed to reduce its adjusted net debt and declared a 10% increase in the interim dividend, showcasing strong cash generation and resilience amidst economic challenges.
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