Sparks commentary - Braemar

Industrials

Sparks - Braemar

More on this equity
Braemar (LON:BMS) – Interim results down but outlook improving
Published by Andy Murphy

Braemar produced a robust financial performance in H1 despite ongoing headwinds from softer charter rates, geopolitical volatility and a weaker US dollar. Revenue slipped 16% to £63.9m and underlying operating profit fell 30% to £5.1m, post acquisition-related costs. Net debt at the end of August stood at £5.6m, but Braemar had returned to a net cash position by the end of October. The outlook is improving with the forward order book growing from $73.8m at the end of August, to $81.2m by end September. Charter rates are improving and management retain previous FY26 profit guidance.

Latest

Investment Companies | Comment

The Biotech Growth Trust (BIOG) reported encouraging H126 results

TMT | Comment

Nanoco (LSE:NANO) settles LG litigation for $5m

Healthcare | Comment

Mendus (OMX: IMMU) announces c SEK50m directed share issue