2013 Financial Highlights
Licence revenue of £3.2 million deferred to 2014
Recurring revenues up 14% to £16.6 million
EBITDA decreased to £3.5 million
Significant cost savings - £2.2 million in costs removed
Operating cash flow in the year was strong at £3.9 million
Net cash at year end was £7.2 million
Contract size 50% increase - licence value increased to £374k from £242k (2011)
Proposed dividence increased by 6% to 1.7p per share
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.