25 October 2024
BRAEMAR PLC
("Braemar", the "Company" and together with its subsidiaries the "Group")
Notice of HY25 Results
Braemar Plc (LSE: BMS), a leading provider of expert investment, chartering and risk management advice to the shipping and energy markets, today announces the following update.
Publication of HY25 Results
The Group will announce its results for the six months ended 31 August 2024 on Wednesday, 6 November 2024. In line with previous guidance, revenue for HY25 is expected to be not less than £75m (HY24: £74.9m), with underlying operating profit (before acquisition-related expenditure) slightly ahead of the prior year (HY24: £7.6m).
The board remains confident in the outlook for the second half of the financial year and, in line with the Group's stated progressive dividend policy, expects to recommend an interim dividend of 4.5 pence per share.
Results Roadshow and Online Presentations
The Company is hosting a results roadshow, which will commence with an analyst briefing on Wednesday, 6 November 2024 at 10.30 a.m. at Buchanan's offices at 107 Cheapside, London, EC2V 6DN. Please contact the team at Buchanan via braemar@buchanan.uk.com for further details.
The Company is also hosting an online investor presentation with Q&A on Friday, 8 November 2024, commencing at 1 p.m. To participate, please register with PI World at https://bit.ly/BMS_H125_results_webinar.
ENDS
For further information, contact:
| Braemar Plc | | |
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| James Gundy, Group Chief Executive Officer | Tel +44 (0) 20 3142 4100 |
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| Grant Foley, Group Chief Financial Officer | |
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| Rebecca-Joy Wekwete, Company Secretary | |
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| Canaccord Genuity
Adam James / Harry Rees
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Tel +44 (0) 20 7523 8000 |
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| Burson Buchanan | |
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| Charles Ryland / Stephanie Whitmore / Jack Devoy / Abby Gilchrist | Tel +44 (0) 20 7466 5000 |
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Notes to Editors:
About Braemar Plc
Braemar provides expert investment, chartering, and risk management advice to the shipping and energy markets that enable its clients to secure sustainable returns and mitigate risk in the volatile world of shipping and energy. Our experienced brokers work in tandem with specialist professionals to form teams tailored to our customers' needs, and provide an integrated service supported by a collaborative culture.
Braemar joined the Official List of the London Stock Exchange in November 1997 and trades under the symbol BMS.
For more information, including our investor presentation, visit www.Braemar.com and follow Braemar on LinkedIn.
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