Brady PLC

Brady sees “positive” outlook for 2019 following in line trading update

The firm said it expected underlying earnings (EBITDA) for the year of around £2.6mln with revenues of £23mln, broadly in line with market expectations

Trading software
Brady provides trading and risk management software to companies

Brady Plc (LON:BRY) has said its outlook for 2019 “continues to be positive” as it issued an in line trading update for the year ended 31 December.

The firm, which provides trading and risk management software, said it expected underlying earnings (EBITDA) for the year of around £2.6mln with revenues of £23mln, broadly in line with market expectations, with recurring revenues making up 70% of the total.

READ: Brady appoints new chief executive as executive chairman switches to non-exec

Net cash at year end was £4.6mln, up slightly on the total of £4.4mln a year ago.

The company also said that its new chief executive, Carmen Carey, would take the reins from 18 February following an announcement in December when it said its executive chairman Ian Jenks would switch to a non-executive role.

“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”, the company said.

In early trading Tuesday, Brady shares were flat at 63.5p.

--Adds share price--

Quick facts: Brady PLC

Price: £0.28

Market: AIM
Market Cap: £22.92 m

Add related topics to MyProactive

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


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...

In exchange for publishing services rendered by the Company on behalf of Brady PLC named herein, including the promotion by the Company of Brady PLC in any Content on the Site, the Company receives from said issuer...



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

2 min read