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Sparks commentary - Braemar

Industrials

Sparks - Braemar

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Braemar (LSE: BMS) – Solid H1 driven by diversification; outlook robust
Published by Andy Murphy

Braemar’s H125 results reflect a continuation of the successful diversification strategy that has been deployed for the last three years. Revenue was robust, up 1%, and operating profit increased 9%, highlighting operational leverage. Braemar’s underlying markets retain strong fundamentals that include increasing global demand and an ageing global fleet, which bodes well for the future and are reflected in its robust forward order book. The company remains on track to achieve market expectations for the current financial year.

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