2014 Financial Highlights
Revenues up 13% to £31.0 million (on consistent currency basis4)
Recurring revenues of £15.9 million and deferred licence revenue of £1.7 million
EBITDA (before exceptional items) up 80% to £6.3 million
Significant cost savings - £2.2 million in costs removed
Net cash at year end increased by £2.4 million to £9.6 million
Proposed dividend increased by 9% to 1.85p per share
2014 Operational Highlights
A record 20 new contracts - including the world's largest nickel producer and the largest trading company in Korea
Encouraging momentum in the Energy business, signing six new contracts and four migrations
32% of revenues now come from outside of Europe
Over 100% growth in Cloud revenues - 30% of new licences delivered through Cloud Services
Return to 20%+ operating margin
Introduction from the Board
Brady is committed to high standards of corporate governance and the Board is accountable to the Company’s shareholders for good corporate governance.
The Board meets formally not less than five times a year, reviewing trading performance, ensuring adequate funding, setting and monitoring strategy, and reviewing regular reports to shareholders.
Constitution documents, shareholder information, details of other exchanges that Brady plc is listed on, details on share transfer restrictions and details of Brady plc advisers.
Brady is committed to updating the London Stock Exchange and interested investor parties of the latest developments and financial company news from Brady plc including regulatory news, released to the AIM, and all shareholder communications.
Published financial reports from Brady plc including our interim results and consolidated financial statements are available to download.