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BRAM Brammer

164.50
0.00 (0.00%)
16 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Brammer LSE:BRAM London Ordinary Share GB0001195089 ORD 20P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 164.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Trading Statement

20/01/2003 7:00am

UK Regulatory


RNS Number:3557G
Brammer PLC
20 January 2003


20 January 2003


                                    Brammer

                                  Sales Update


On 6 November 2002, Brammer plc gave a sales update for the period to 30 October
2002.  Since then sales revenues have continued broadly in line with the trends
stated at that time.

In Brammer Industrial Services we continue to gain market share in difficult
markets.  In November and December 2002, on a sales per working day basis versus
the same period last year, revenues grew by 0.3%.  This represented growth of
4.7% in France, 0.5% in the UK, 10.3% in Spain, and a decline of 9.1% in
Germany. November was stronger than December.  We have continued to win large
national and pan-European contracts.

In Livingston our calibration and measurement services, and our computer
products businesses have remained stable.  The markets for our test equipment
management services business continue to be weak as previously indicated.

Our cost reduction actions are proceeding well and in line with our plans.

We have continued to produce operating cash flow and at the year-end our net
debt was #63.7 million (2001: #82.3) after taking account of a #5.7 million
adverse impact due to currency fluctuations

This statement has been made to keep shareholders up to date with developments.
Brammer anticipates releasing its statement for the year ended 31 December 2002
in early March 2003 and will then be in a position to provide full details of
the outturn for the year.


Enquiries:        Brammer plc                                  0161 928 3363
                  David Dunn, chairman
                  Ian Fraser, chief executive
                  Paul Thwaite, finance director

Issued by:        Citigate Dewe Rogerson Ltd                   020 7638 9571
                  Martin Jackson
                  Anthony Kennaway


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END
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