Franchise Brands' Stephen Hemsley on record 2023 performance and 2024 goals

Proactive - Interviews for investors

Franchise Brands executive chairman Stephen Hemsley speaks to Proactive's Stephen Gunnion about the company's achievements in 2023 and the strategic focus moving into 2024. Hemsley highlighted the doubling in size through the Pirtek acquisition, contributing to record profits for the year. Despite some market challenges, particularly in Q4, Hemsley expresses confidence in the company's performance and outlines key strategies for debt reduction and business integration up to 2027. Hemsley noted, "2023 was a game of two halves. The year started very strongly for all the businesses, including Pirtek, but softened towards the end of the year." He also elaborated on the impact of specific market headwinds and how the company is compensating with growth in other sectors like waste management and transport. Looking ahead, the primary focus for Franchise Brands is on integrating its acquisitions and leveraging operational efficiencies to repay debt. Hemsley explained the importance of growing system sales through the maximum potential model, which helps franchisees expand their market reach. The 2023 annual results presentation can be viewed here: https://www.franchisebrands.co.uk/wp-content/uploads/2024/06/2023-Annual-Results-Investor-Presentation-UPDATED.pdf Don't miss this insightful discussion on Franchise Brands' growth trajectory and future plans. Visit Proactive's YouTube channel for more videos, and don't forget to like, subscribe, and enable notifications for future content. #FranchiseBrands #StephenHemsley #BusinessGrowth #PirtekAcquisition #2023Results #BusinessIntegration #WasteManagement #TransportSector #OperationalGearing #ProactiveInterviews #FranchiseExpansion #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews