24th September 2015, London:Brady plc (BRY.L), the leading supplier of trading and risk management solutions for energy, commodities and recycling, announced today that Brookfield Renewable Energy Europe has selected Brady Power Scheduling solution to manage its power scheduling activities in the UK.
(“Brady”, the “Company” or the “Group”)
For the six months to 30 June 2015
Brady, the leading global provider of trading and risk management solutions for metals, recycling, energy and soft commodities, is pleased to announce its interim results for the six months to 30 June 2015.
· Performance in line with market expectations for the full year with nine significant new licence deals signed in first half of the year
· Anticipated strong performance for H2 2015 with visibility on 80% of revenues for the full year
· Continued progress on size and geographic scope of contract wins. Landmark deals include:
o Global deal with one of the world’s largest commodity companies to deploy software in eight locations around the world
o First major recycling deal outside the US for world’s largest recycling company with deployment in the Asia Pacific region as part of a global roll-out.
· Revenues of £14.2 million (H1 2014: £15.6 million). YOY reduction resulting from forex movements (£0.5 million) and timing of licence sales.
· Progress on recurring revenues
o £7.8 million recurring revenues (£8.2 million at consistent currency rates) compared to £7.9 million in H1 2014, representing organic growth of 4 per cent year on year.
o 55 per cent of total sales (H1 2014: 51 per cent).
· Strong financial position maintained - cash at bank on 30 June 2015 of £6.2 million (£7.5 million at end of July 2015)
Brady acquires ScrapRunner to strengthen its recycling portfolio
FOR IMMEDIATE RELEASE
27th July 2015, London:Brady plc (BRY.L),the leading global provider of trading, processing and risk management solutions for metals, recycling, energy and soft commodities, is pleased to announce that it has acquired the assets and goodwill of the ScrapRunner product, from Enaptive Inc(“ScrapRunner”). Enaptive is a US-based company providing dispatch systems designed specifically for the scrap metal and recycling industry markets. ScrapRunner has been operating since 2003 and its clients are based throughout North America and Europe.
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