Brammer PLC (BRAM)

Brammer PLC (BRAM)

AGM Reports

Brammer (BRAM) AGM 2016

Key points: The majority of the company’s sales are to the UK, where the business has been suffering recently. According to the CEO these problems were in part an “own goal” caused by poor execution, and in part due to the difficulties of a few key customers (including the steel industry). The management of the UK business has been over-hauled, and “is getting back on track”. Net debt has ballooned in recent years to £104.3m, which the company stated was 2.4x ...
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