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On 3 July 2024, Braemar Plc issued an AGM Statement, providing a trading update. The Board reported the Group's FY25 performance to date is in line with expectation, following a previous update on 23 May 2024. The company-compiled consensus for FY25 estimates revenue of £152.7m and underlying operating profit of £18.2m.
| Date | 3 Jul 2024 |
| Time | 07:00:03 |
| Category | AGMs and other meetings |
| ID | 8361U |
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU NO. 596/2014) WHICH IS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
3 July 2024
BRAEMAR PLC
("Braemar", the "Company" and together with its subsidiaries the "Group")
AGM Statement
Braemar Plc (LSE: BMS), a leading provider of expert investment, chartering and risk management advice, provides the following trading update ahead of its Annual General Meeting to be held later today.
Further to the update provided in the FY24 results announcement issued on 23 May 2024, the board is pleased to report that the Group has continued to trade well and that performance in FY25 to date is in line with expectation1.
The Group remains focused on its stated growth strategy and the board looks to the year ahead and beyond with confidence.
1. Company compiled consensus as at the date of this announcement: FY25 revenue of £152.7m and FY25 underlying operating profit (before acquisition-related expenditure) of £18.2m.
For further information, contact:
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Braemar Plc |
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James Gundy, Group Chief Executive Officer |
Tel +44 (0) 20 3142 4100 |
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Grant Foley, Group Chief Financial Officer
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Rebecca-Joy Wekwete, Company Secretary |
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Burson Buchanan |
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Charles Ryland / Stephanie Whitmore / Jack Devoy / Abby Gilchrist |
Tel +44 (0) 20 7466 5000 |
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Investec Bank plc |
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Gary Clarence / Alice King
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Tel +44 (0) 20 7597 5970 |
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Cavendish Capital Markets Limited Ben Jeynes / Matt Lewis (Corporate Finance) Leif Powis / Dale Bellis / Charlie Combe (Sales & ECM) |
Tel +44 (0) 20 7220 0500 |
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Notes to Editors:
About Braemar Plc
Braemar provides expert investment, chartering, and risk management advice that enable its clients to secure sustainable returns and mitigate risk in the volatile world of shipping and energy. Our experienced brokers work in tandem with specialist professionals to form teams tailored to our customers' needs, and provide an integrated service supported by a collaborative culture.
Braemar joined the Official List of the London Stock Exchange in November 1997 and trades under the symbol BMS.
For more information, including our investor presentation, visit www.braemar.com and follow Braemar on LinkedIn.