Brady has released an update indicating that FY 2017 results will be below market expectations and announcing the disposal of its Recycling business for £4.6m max in cash. The results outturn is due to the replacement of one-off licence renewals with recurring annual licences and the slippage of revenue from two contracts into H1 2018. We have reduced our FY 2017 revenue and EBITDA estimates by c8% and c70%, reflecting the indications given in the update. Our FY 2018 revenue and EBITDA estimates ....
25 Jan 2018
Full year results below expectations, disposal of Recycling business
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Full year results below expectations, disposal of Recycling business
Brady Corporation Class A (BRC:NYS) | 0 0 0.0%
- Published:
25 Jan 2018 -
Author:
N+1 Singer Team -
Pages:
4
Brady has released an update indicating that FY 2017 results will be below market expectations and announcing the disposal of its Recycling business for £4.6m max in cash. The results outturn is due to the replacement of one-off licence renewals with recurring annual licences and the slippage of revenue from two contracts into H1 2018. We have reduced our FY 2017 revenue and EBITDA estimates by c8% and c70%, reflecting the indications given in the update. Our FY 2018 revenue and EBITDA estimates ....