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Franchise Brands Q1 adjusted earnings hit record as turnover returns to pre-Covid levels

By BFN News | 09:52 AM | Tuesday 20 April, 2021


Franchise business Franchise Brands said reported first quarter adjusted earnings hit a record as turnover returned to pre-COVID 19 levels by the end of quarter. Q1 adjusted earnings before interest, tax, depreciation and amortisation, or EBITDA, grew 24% to a record of £2 million year-on-year, the company said. 'Our ability to achieve 24% growth in EBITDA underpins the organic growth element of our strategic financial targets of £100m in run-rate revenues and adjusted EBITDA of £15m by the end of 2023,' the company said. At 9:52am: (LON:FRAN) Franchise Brands Plc share price was 0p at 102.5p Story provided by StockMarketWire.com

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