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

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