17 Jan 2017 07:00
17th January 2017
Brady plc ("Brady" or the "Group")
Trading Update
Brady, the leading global provider of trading and risk management solutions for metals, recycling, energy and soft commodities is pleased to report that the Company is trading in line with market expectations.
Ian Jenks, Executive Chairman said:
"The markets in which we operate remain challenging. However, there has been a sea-change in the mood and focus of this business, and as a team, we have entered 2017 with considerable optimism. I would like to thank all our staff who have embraced the changes we are making with vigour and dedication. We are concentrating on providing a first-class service to our clients, and improving our earnings visibility through increased recurring revenues. We are making steady progress and I look forward to providing a further update in our preliminary results in March."
For further information please contact:
Brady plc Ian Jenks, Executive Chairman Martin Thorneycroft, Chief Financial Officer |
Telephone: +44 (0)1223 479479 |
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Cenkos Securities Ivonne Cantu (Nomad) Alex Aylen (sales) | Telephone: +44 (0)20 7397 8900
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Redleaf Communications Charlie Geller Sam Modlin | Telephone: +44 (0)20 7382 4730
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About Brady
Brady plc (BRY.L) is the largest European-headquartered provider of trading and risk management software to the global commodity and energy markets. Brady combines fully integrated and complete solutions supporting the entire commodity trading operation, from capture of financial and physical trading, through risk management, handling of physical operations to back office financials and treasury settlement, for energy, refined, unrefined and scrap metals, soft commodities and agriculturals.
Brady has 30 years' expertise in the commodity markets with some 400 customers worldwide who depend on Brady's software solutions to deliver vital business transactions across their global operations. Brady clients include many of the world's largest financial institutions, trading companies, miners, refiners and producers, recycling companies, scrap processors, tier one banks and a large number of London Metal Exchange (LME) Category 1 and 2 clearing members and many leading European energy generators, traders and consumers.
For further information visit: www.bradyplc.com
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Brady (BRY)