Brady expects performance to meet market expectations; touts positive 2019

Writer, Stock Market Wire
Tuesday, January 29, 2019 - 08:57

Brady, a trading and risk management software provider, said performance would be in line with market expectations as the company made' 'significant' progress in delivering on its strategy during the year.

Revenues for the year ended 31 December 2018 were expected to be approximately £23m and adjusted earnings (EBITDA) was expected to be around £2.6m, broadly in line with consensus market expectations. 

Recurring revenues made up approximately 70% of estimated total revenues and net cash at the year end was £4.6m, up from £4.4m last year.

The outlook for the company in 2019 continued to be positive as 'we look to benefit from the groundwork laid not just during 2018 but also in previous years,' Brady said.

At 8:57am: (LON:BRY) Brady PLC share price was 0p at 63.5p

Related content

Brady losses narrow amid cost cuts, modest uptick in revenue

Financial services software provider Brady reported narrower annual losses amid cost cutting and a modest uptick in revenues.

For 2018, pre-tax losses narrowed to...

Mon, 25/03/2019 - 08:33

Brady expects revenues in line with market expectations; says 2019 outlook 'positive'

Financial services software provider Brady said Monday it expected to generate revenues of £23m, broadly in line with market expectations.

For the year ended...

Mon, 04/03/2019 - 08:50

Brady bunch gets new CEO

Trading and risk management services provider Brady said it had appointed Carmen Carey as its new chief executive.

Carey was most recently chief operating officer...

Wed, 19/12/2018 - 13:54

Brady sees full-year performance in line with expectations as H1 losses narrow

Brady said Monday it expected full-year performance would be in line with market expectations as first-half losses narrowed Monday despite roughly unchanged revenues.


Mon, 10/09/2018 - 09:02

Ustekveikja Energi selects Brady EDM to support physical power market operations

Brady said Monday that Ustekveikja Energi has selected Brady EDM to support its physical power market operations in the Nordic Region.

The solution footprint provided...

Mon, 26/03/2018 - 08:59