Source: Brady
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 2014.
Operational Highlights:
- Ten significant new licence sales signed in first half of the year (H1 2013: six).
- The Energy business unit has made substantial progress in signing seven deals in the period, including the migration of three clients to the go-forward platform.
- The Commodities business focused on delivering its significant projects and recognising its backlog revenue.
- The Recycling business unit increased revenues by 37%, signed three new customers and delivered two major projects.
- A total of 10 new client installations and go-lives.
- EBITDA margin for the first half of 2014 was 19% (H1 2013: 9%).
Financial Highlights:
- Revenues up 5% to £15.6 million (H1 2013: £14.9 million). At consistent currency rates 1 revenues up 12% to £16.7 million (H1 2013: £14.9 million).
- Adjusted EPS up 174% to a record 2.49p per share (2013: 0.91 pence).
- EBITDA up 131% to £3.0 million (H1 2013: £1.3 million).
- PBT up to £1.5 million (2013: loss £0.1 million).
- PAT up to £1.1 million (2013: loss £0.1 million).
- £6.0 million of net cash as of 30 June 2014 (H1 2013: £5.7 million) and no debt.
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