Global charter rates came under pressure in H225, notably in the tanker and dry cargo markets due to increased geopolitical risks. Despite some offset from better performance in the sale and purchase division, Braemar is pointing to revenue of c £141m for the year (FY24: £152.8m) and operating profit (before acquisition-related expenditure) of c £16.5m (FY25: £18.1m). The outlook is more encouraging; however, with the forward order book rising from $80.9m at H125, to $82.2m at the end of February (FY24: $82.6m), with strong market fundamentals remaining in place.
TMT | Comment
Industrials | Comment
Industrials | Comment