INTERIM RESULTS
For the six months to 30 June 2017
Brady, the leading global provider of trading, risk management and settlement solutions to the energy, commodities and recycling sectors, is pleased to announce its interim results for the six months to 30 June 2017.
Operational Highlights
The business continues its transition from a one-off licence revenue model to a recurring revenue model;
- Four new licence deals signed on a recurring revenue basis in H1;
- Two new energy licence deals signed following strategic decision to build connectivity to the important renewables sector via the Irish Single Integrated Market (“I-SEM”);
- Recurring revenue represented 68% of total sales in H1 (H1 2016: 60%).
Outlook
- Full year results expected to be in line with market expectations;
- Visibility over 93% of expected full year revenue; and
- Cost base in line with management’s expectations to the half year.
|
Financial Summary (Unaudited) |
(Unaudited) |
(Audited) |
|
|
6 months to 30 June 2017 |
6 months to 30 June 2016 |
12 months to 31 Dec 2016 |
|
|
£’000 |
£’000 |
£’000 |
|
|
Revenue |
13,182 |
14,758 |
30,269 |
|
Recurring revenue |
9,027 |
8,914 |
18,906 |
|
EBITDA before exceptional items |
(880) |
2,043 |
4,527 |
|
Operating result before exceptional items |
(2,902) |
123 |
533 |
|
Dividend paid (pence per share) |
nil |
nil |
nil |
|
Adjusted earnings per share (pence) 1 |
(2.49) |
1.05 |
2.40 |
|
Basic earnings per share (pence) |
(3.97) |
(0.32) |
(2.23) |
|
Cash |
5,038 |
6,402 |
7,343 |
Source: https://www.ctrmcenter.com/news/vendor-news/brady-posts-interim-results/