logo-loader
Brady PLC

Trading Update

/**/ sup{font-size:80%}link{ color: blue }visited{ color: #954F72 } .ag{size:595.0pt 842.0pt;margin:72.0pt 72.0pt 72.0pt 72.0pt;}div.ag{}p.p,li.p,div.p{margin-right:0cm;margin-left:0cm;font-size:12.0pt;font-family:"Times New Roman","serif";}span.bi{font-size:11.0pt;font-family:"Calibri","sans-serif"; color:black}p.bj{margin-right:0cm;margin-left:0cm;font-size:12.0pt;font-family:"Times New Roman","serif";margin: 0cm; margin-bottom: .0001pt; text-align: center}span.bk{color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt; font-weight: bold}p.bl{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Calibri","sans-serif";font-weight: bold; text-align: center}span.bd{font-size:11.0pt}p.bm{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Calibri","sans-serif";text-align: center}p.bn{margin-right:0cm;margin-left:0cm;font-size:12.0pt;font-family:"Times New Roman","serif";margin-top:0cm;text-align:justify} span.bo{font-size:11.0pt;font-family:"Calibri","sans-serif";color:black}span.bp{font-size:11.0pt;font-family:"Calibri","sans-serif"; color:black}span.bq{font-size:11.0pt; font-family:"Calibri","sans-serif";color:black}span.br{font-size:11.0pt;font-family:"Calibri","sans-serif";color:black}span.ax{font-size: 11.0pt;font-family:"Calibri","sans-serif";color:black}p.bs{margin-right:0cm;margin-left:0cm;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight: bold; margin-top: 0cm; text-align: justify}span.ba{font-size:11.0pt;font-family:"Calibri","sans-serif";color:black}table.bt{width:457.5pt;margin-left:-21.6pt;border-collapse:collapse}td.as{width:257.7pt;padding:0cm 5.4pt 0cm 5.4pt}p.bu{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Calibri","sans-serif";margin-left:5.25pt} span.av{font-size:11.0pt; color:black}span.au{font-size:11.0pt;color:black}td.aq{width:178.2pt;padding:0cm 5.4pt 0cm 5.4pt}p.bv{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Calibri","sans-serif";margin-left:5.25pt;text-align:justify}tr.an{height:44.9pt}td.ap{width:257.7pt;padding:0cm 5.4pt 0cm 5.4pt; height:44.9pt}td.ao{width:178.2pt;padding:0cm 5.4pt 0cm 5.4pt; height:44.9pt}p.bw{margin-right:0cm;margin-left:0cm;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:justify}span.bx{color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt; font-weight: bold}p.by{margin-right:0cm;margin-left:0cm;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight: bold; text-align: justify} span.ay{font-size:11.0pt; font-family:"Calibri","sans-serif";color:black}p.bz{margin-right:0cm;margin-left:0cm;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:justify}span.ca{font-size: 11.0pt;font-family:"Calibri","sans-serif";color:black}p.cb{margin-right:0cm;margin-left:0cm;font-size:12.0pt;font-family:"Times New Roman","serif";margin:0cm;margin-bottom:.0001pt;text-align:justify}span.cc{font-size:11.0pt;font-family:"Calibri","sans-serif"; color:black}p.cd{margin-right:0cm;margin-left:0cm;font-size:12.0pt;font-family:"Times New Roman","serif";margin:0cm;margin-bottom:.0001pt;text-align:justify}span.ce{font-size:11.0pt;font-family:"Calibri","sans-serif"; color:black}span.ai{font-size:11.0pt;font-family:"Calibri","sans-serif"}span.cf{font-size:11.0pt;font-family:"Calibri","sans-serif"; color:black}span.cg{font-size:11.0pt;font-family:"Calibri","sans-serif"; color:black} span.ah{font-family: "Arial","sans-serif";color:black}p.a,li.a,div.a{margin:0cm;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Calibri","sans-serif";} /**/
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 £23m and adjusted EBITDA is expected to be around £2.6m, which are broadly in line with consensus market expectations.  Net cash at the year end was £4.6m (31 December 2017: £4.4m 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 18th 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
Ian Jenks, Executive Chairman
Martin Thorneycroft, Finance Director

Telephone: +44(0)1223 479479

 
Cenkos Securities plc - NOMAD and Broker
Mark Connelly - Corporate Finance

 

 

Telephone: +44 (0)20 7397 8900

Newgate Communications
Bob Huxford/ Ian Silvera

Telephone: +44 (0)20 7653 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 [email protected] or visit www.rns.com.
 
END
 
 
TSTLLFVDLTITFIA

Quick facts: Brady PLC

Price: £0.28

Market: AIM
Market Cap: £23.34 m
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Brady Plc's new CEO Carmen Carey outlines 2019 strategic objectives

Brady PLC's (LON:BRY) new CEO Carmen Carey spoke to Proactive London following the release of its 2018 results. The fintech, which underwent a restructuring and management overhaul last year, posted adjusted underlying earnings (EBITDA) of £2.6mln, compared to a loss in 2017 of...

on 25/3/19