Brady continues strategy implementation after return to profit

Proactive Investors – 09:00 16 May 2019 The company provides trading and risk management software for the Commodity and Energy markets covering the entire trading operation • Provides trading and risk management software • Focuses on Commodity and Energy markets • 200 customers worldwide What Brady does Brady PLC (LON:BRY) provides trading and risk management software for the Commodity and Energy markets covering the entire trading operation from capture of financial and physical trading, through risk management, handling of physical operations, back office financials and treasury settlement, for energy, refined and unrefined metals, soft commodities and agriculturals. The company says it has 200 customers worldwide, including some of the largest global financial institutions and corporations. Inflexion points • In its full year results for 2018, Brady posted adjusted underlying earnings (EBITDA) of £2.6mln, compared to a loss in 2017 of £307,000. Revenues rose 4% to £23.2mln from £22.2mln the year before. Recurring revenues increased by 2% to £16mln. Committed revenues for the current year are already up to around £18mln • In February, Carmen Carey became the company’s new chief executive while its executive chairman Ian Jenks switched into a non-executive role • Carey previously served as chief operating officer (COO)… continue reading

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