Braemar released interim results for the period to 31 August 2022 showing strong trading, with transaction volumes increased and revenue up 46% to £69.4m, aided by the strength of the US dollar. Underlying operating profit was up 95% to £10.9m, exhibiting a strong operational gearing effect. Braemar provides good exposure to global shipping markets and ongoing growth in maritime trade. We anticipate a strong performance for FY23E, continuing to benefit from US dollar strength and the growing sca ....
15 Nov 2022
Cenkos: Braemar Plc -- Riding the US dollar wave
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Cenkos: Braemar Plc -- Riding the US dollar wave
Braemar PLC (BMS:LON) | 275 9.6 1.3% | Mkt Cap: 90.5m
- Published:
15 Nov 2022 -
Author:
Ian McInally -
Pages:
13
Braemar released interim results for the period to 31 August 2022 showing strong trading, with transaction volumes increased and revenue up 46% to £69.4m, aided by the strength of the US dollar. Underlying operating profit was up 95% to £10.9m, exhibiting a strong operational gearing effect. Braemar provides good exposure to global shipping markets and ongoing growth in maritime trade. We anticipate a strong performance for FY23E, continuing to benefit from US dollar strength and the growing sca ....