Brady PLC Posts Positive EBITDA and Grows Revenues

Brady PLC has been in the news recently with the appointment of new CEO Carmen Carey. According to Stockmarketwire.com, it reported a “narrow annual loss and a modest uptick in revenues” recently. The article went on as follows. For 2018, pre-tax losses narrowed to £0.87m from £1.14m a year earlier and revenue increase 4% to £23.16m.  Revenue was driven by a focus on servicing our existing client base and achieving revenue recognition milestones on several long-term implementations, the company said.  Cash costs were reduced by £1.1m and adjusted earnings (EBITDA) swung to a positive £2.6m from a loss of £0.3m reported last year.  ‘Implementation of the plan set out in the last two annual reports remains on track as we leverage the foundations we have established to deliver high quality customer relationships and growth in line with commitments made to our employees, customers and shareholders, the company said. Meanwhile, Ms. Carey was also featured in a recent interview on ProactiveInvestors that is featured below. We will also soon have a Q&A session with Ms. Carey  as well as a call scheduled for later in the week to glean more from the European CTRM software supplier.

Continue reading Brady PLC Posts Positive EBITDA and Grows Revenues. This article appeared first on CTRM Center.

Source: CTRM Center

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