Brady plc announced unaudited preliminary consolidated earnings results for the year ended December 31, 2017. For the year, the company reported revenue of £27,146,000 against £30,269,000 a year ago. Operating loss was £6,405,000 against £1,577,000 a year ago. Loss before tax was £6,427,000 against £1,574,000 a year ago. Loss the year was £8,247,000 against £1,853,000 a year ago. Loss per share attributable to the equity shareholders of the parent was 9.90 pence against 2.23 pence a year ago. Adjusted LBITDA was £2,212,000 against adjusted EBITDA of £2,114,000 a year ago. Net cash used in operating activities were £69,000 against net cash flows from operating activities of £2,309,000 a year ago. Purchases of property, plant and equipment was £314,000 against £612,000 a year ago. Before exceptional items, the company reported operating profit was £3,964,000 against loss of £418,000 a year ago.

The company provided revenues guidance for the year 2018. For the year, the company committed revenues of approximately £19 million. In 2018 the company expected to resume progress in both sales and profitability.