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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Brady Plc | LSE:BRY | London | Ordinary Share | GB00B0188P35 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 18.20 | 17.40 | 19.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMBRY
RNS Number : 3278O
Brady plc
29 January 2019
29 January 2019
Brady plc
("Brady", the "Company" or the "Group")
Trading Update
The Company announces that revenues for the year ended 31 December 2018 are expected to be approximately GBP23m and adjusted EBITDA is expected to be around GBP2.6m, which are broadly in line with consensus market expectations. Net cash at the year end was GBP4.6m (31 December 2017: GBP4.4m net cash). Recurring revenues make up approximately 70% of the revenue number.
In 2018, Brady continued to make significant progress in delivering on its strategy, including several customer-focused projects. The outlook for the Company in 2019 continues to be positive as we look to benefit from the groundwork laid not just during 2018 but also in previous years.
The new customers we have engaged with and, as importantly, the ones with whom we have been working with for years, are a testament to the increasing strength of our offering. We have made substantial progress in evolving our technology solutions and have extended the scope of the value proposition we can deliver to our customers.
As announced on the 19th of December, Carmen Carey will commence as CEO with effect from 18(th) February 2019. The Board is confident that she will provide the leadership skills required to drive our focus on customers and innovation underpinned by the quality of our people.
For further information, please contact:
Brady plc Telephone: +44(0)1223 479479 Ian Jenks, Executive Chairman Martin Thorneycroft, Finance Director Cenkos Securities plc - NOMAD and Telephone: +44 (0)20 7397 Broker 8900 Mark Connelly - Corporate Finance Newgate Communications Telephone: +44 (0)20 7653 Bob Huxford/ Ian Silvera 9848
About Brady
Brady plc (BRY.L) is the largest European--headquartered provider of trading and risk management software to the global commodity and energy markets. Brady combines fully integrated and complete solutions supporting the entire commodity trading operation, from capture of financial and physical trading, through risk management, handling of physical operations, back office financials and treasury settlement, for energy, refined and unrefined, soft commodities and agriculturals.
Brady has 30 years' expertise in the commodity markets and its clients include many of the world's largest financial institutions, trading companies, miners, refiners and producers, tier one banks, a large number of London Metal Exchange (LME) Category 1 and 2 clearing members and many leading European energy generators, traders and consumers.
For further information visit: www.bradyplc.com
Brady plc: Twitter/Facebook/LinkedIn
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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(END) Dow Jones Newswires
January 29, 2019 02:00 ET (07:00 GMT)
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