Brady earnings soar despite falling revenues

29th Jan 2019 08:52

(Sharecast News) - Risk management software provider Brady expects full-year revenues and EBITDA be "broadly in line" with consensus market expectations.Brady anticipates revenues of approximately £23m - a 15% drop year-on-year - while EBITDA was estimated to have shot up around 333% to £2.6m.The AIM-listed outfit said it had continued to make "significant progress in delivering on its strategy" and remained confident that 2019 would be a "positive" year."The outlook for the company in 2019 continues to be positive as we look to benefit from the groundwork laid not just during 2018 but also in previous years," said Brady.Brady also told investors it had made "substantial progress" in evolving its technology solutions and has extended the scope of its value proposition.As of 0850 GMT, Brady shares had slipped just 0.0016% to 63.50p.