Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Software provider Brady warned on profits as revenue was expected to fall short after the company failed to convert the pipeline of business from new customers.
'The pipeline of revenue from new customers forecasted will not materialise during fiscal 2019, although new business bookings are anticipated in the second half,' the company said. 'As such, the board has concluded that full year revenue will be circa £19m, and this will have a consequent impact on EBITDA performance.'
The turnaround of the business since the appointment of Carmen Carey as CEO had continued to build momentum focused on customer engagements, delivering major contracts and maturing the new business pipeline, the company said.
Brady is set to announce its interim results for the six months to 30 June 2019 on Monday 23 September.
At 8:07am: (LON:BRY) Brady PLC share price was -18.5p at 38p