Welcome to Brammer plc
“Brammer is the leading European supplier of technical components and related services to the MRO market and with only a small market share there is the opportunity for considerable further growth. Our customer proposition is unique and delivers real value to our clients as well as shareholders. We are strongly cash generative and have a healthy balance sheet. Looking forward, we are increasingly confident that our strategy will continue to give us growth substantially greater than the market.”
Ian Fraser, Chief Executive Officer, Brammer plc.
Financial Highlights
The Group's financial highlights for the six months ended 30 June 2011
- During this period, overall revenue went up by 19.7% driven by organic growth. Sales in constant currency went up by 18.8%, with all countries showing an improving sales trend.
- Brammer’s market share growth continued. We saw Key Accounts sales growth of 24.2%, and Insite sales growth of 28.4%, at constant currency. Our Key Accounts now represent 38.3% of total revenues.
- Over these six months, we gained six new pan-European contracts and a net 22 new Insites. We are happy to report that the pipeline remains strong.
- Brammer’s base business (non Key Account) revenues grew by 15.6% in constant currency, driven by cross-selling initiatives.
- Our operating profit (pre amortisation) increased by 40% to £15.4 million (2010: £11.0 million). In addition, the interim dividend increased by 28.6% to 2.70p per share (2010: 2.10p)
