Brady plc announced unaudited consolidated earnings results for the six months ended June 30, 2018. For the six months, the company reported revenue of £10,542,000 against £10,664,000 for the same period a year ago. Operating loss was £2,263,000 against £3,716,000 for the same period a year ago. Adjusted LBITDA was £424,000 against £1,244,000 for the same period a year ago. Operating loss was £2,263,000 against £3,716,000 for the same period a year ago. Loss before tax was £2,293,000 against £3,716,000 for the same period a year ago. Loss from continuing operations was £2,037,000 against £3,522,000 for the same period a year ago. Loss attributable to shareholders of the company was £2,308,000 against £3,535,000 for the same period a year ago. Adjusted diluted loss per share was 2.31 pence against 2.77 pence for the same period a year ago. Net cash flows from operating activities was £1,027,000 against £949,000 for the same period a year ago. Purchase of property, plant & equipment was £129,000 against £204,000 for the same period a year ago. Expenditure on intangible assets was £1,214,000 against £1,234,000 for the same period a year ago. Adjusted loss was £1,928,000 against £2,306,000 for the same period a year ago. LBITDA after exceptional items was £424,000 against £1,851,000 for the same period a year ago. LBITDA before exceptional items was £424,000 against £1,244,000 for the same period a year ago.

The company provided earnings guidance for the year 2018. The company expects 95% visibility of 2018 revenues, recurring revenue expected to return to medium term target of 70% by year end, improvements in profitability and cash generation expected in remainder of 2018 and beyond and results expected to be in line with market expectations.