Brady is selling its US-based recycling business for an initial c £3.3m with c £1m balance in 18 months. The disposal will simplify the group, boost cash resources towards £8m and enable management to focus on its core physical trading commodity and energy businesses. Additionally, the company has said that FY17 revenues will be c £2m lower than consensus at £27m due to a faster-than-anticipated switch to the recurring revenue model and two projects slipping into
02 Feb 2018
Brady - Disposal simplifies the group structure
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Brady - Disposal simplifies the group structure
Brady Corporation Class A (BRC:NYS) | 0 0 0.0%
- Published:
02 Feb 2018 -
Author:
Richard Jeans -
Pages:
5
Brady is selling its US-based recycling business for an initial c £3.3m with c £1m balance in 18 months. The disposal will simplify the group, boost cash resources towards £8m and enable management to focus on its core physical trading commodity and energy businesses. Additionally, the company has said that FY17 revenues will be c £2m lower than consensus at £27m due to a faster-than-anticipated switch to the recurring revenue model and two projects slipping into