Brady, the leading global provider of commodity, energy and recycling software for transaction processing and risk management, is holding its AGM today.
At the AGM, Paul Fullagar, Chairman of Brady plc, will make the following statement:
"The Group has continued to make progress in the year to date, signing three new deals in Energy and two new deals in Recycling. Revenue and profitability in the first quarter have been in line with expectations.
In particular, the Group is happy to report that the Brady Energy business unit has made significant progress signing deals in the Netherlands and Ireland for its Power Scheduling and Nomination solution, facilitating cross-border trading activities, as well as the first cloud delivery of the new Energy Trading and Risk Management Solution.
Recycling signed a substantial deal at the beginning of the year with a Canadian metals recycler, which is already in production at the first sites.This was closely followed by a further contract signed with a start-up recycling company based in Puerto Rico.
The Commodities unit is pleased to report a global trading company that signed a significant contract at the end of 2013 has successfully gone into production.
I look forward to reporting further deal flow and business progress as the Group enters the traditionally busy second quarter.We will provide a further update at the interim results."