Juzzle
- 10 Jan 2011 13:27

".. Brammer�s product range is the largest and most comprehensive of any Maintenance, Repair and Overhaul (MRO) supplier in Europe. With over 2,100,000 product lines available from the world�s most respected and reliable manufacturers, we supply top quality bearings, belts & pulleys, chains & sprockets, linear motion, motors, seals, gearboxes, pneumatics, hydraulics, clutches & couplings, tools & maintenance and health & safety products for your key production and operational processes..."
Aerospace, Automotive, Chemicals, Construction & Aggregates, Food & Drink, Glass, Health & Safety, Metals, Petroleum, Pharmaceuticals, Pulp, Paper & Packaging, Recycling Industry, Transport, Utilities..
Might perhaps be regarded as one of those companies that benefit from supplying increased numbers of parts and machine components to a cross section of industries whenever industrial recovery or growth is under way. Share price has surged and plunged a few times in the past.
Established in 1920, Brammer employs over 2500 people in more than 300 locations in 16 countries.
company history
Company website

dreamcatcher
- 17 Mar 2013 12:31
- 14 of 37
As of Mar 15, 2013, the consensus forecast amongst 6 polled investment analysts covering Brammer plc advises that the company will outperform the market. This has been the consensus forecast since the sentiment of investment analysts deteriorated on Apr 18, 2012. The previous consensus forecast advised investors to purchase equity in Brammer plc.

Tipped by Midas at 2761⁄2p in February last year, the shares have risen 39 per cent to 3843⁄4p as the group has delivered robust rises in sales, profits and dividends. An equal or better performance is expected this year.
Brammer is involved in repair, maintenance and overhaul, so firms turn to it when their machines are either faulty or need a routine check-up. In America, eight companies dominate the market and the leader has sales of £6billion a year.
In Europe, there are thousands of small businesses in the sector. Brammer is the biggest but last year its sales were £640million in a £37billion market.
Chief executive Ian Fraser calculated nine years ago that if he could persuade more of his customers to use the group for all repairs and maintenance, he would be on to a winner.
The strategy has been gaining ground ever since, particularly as customers save money by using Brammer. In 2011, these cost savings amounted to £35million.
Last year, the group saved customers £51million by advising them on more efficient use of machinery and securing cheaper prices for the products they need. Last year was exceptionally tough for European manufacturers but Brammer still managed to lift profits 19 per cent to £34.5million and raise the dividend by 11.9 per cent to 9.4p.
Brokers expect profits to climb to £38.5million this year with a 10.5p dividend. External conditions remain difficult but the company expects to make progress by increasing the business it does with existing customers, as well as gaining new ones.
It is also looking for small acquisitions to boost its presence in countries where it is under-represented.
Midas verdict: Fraser’s strategy has served Brammer well and should continue to do so, especially as and when economic conditions improve. Investors should hold the shares and watch the company grow
dreamcatcher
- 19 Mar 2013 15:03
- 15 of 37
Brammer: Investec revises target price from 390p to 450p and leaves its buy recommendation unaltered.
dreamcatcher
- 25 Mar 2013 14:51
- 16 of 37
As of Mar 22, 2013, the consensus forecast amongst 6 polled investment analysts covering Brammer plc advises that the company will outperform the market. This has been the consensus forecast since the sentiment of investment analysts deteriorated on Apr 18, 2012. The previous consensus forecast advised investors to purchase equity in Brammer plc
dreamcatcher
- 01 Apr 2013 21:56
- 17 of 37
I see the naked trader has high hopes for Brammer.
dreamcatcher
- 03 Apr 2013 15:37
- 18 of 37
Brammer PLC (BRAM:LSE) set a new 52-week high during today's trading session when it reached 397.00. Over this period, the share price is up 15.00%.
dreamcatcher
- 17 May 2013 07:11
- 19 of 37
Interim Management Statement
RNS
RNS Number : 9441E
Brammer PLC
17 May 2013
17 May 2013
Brammer plc
Interim Management Statement
Brammer plc, the leading pan-European added value supplier of industrial maintenance, repair and overhaul product solutions, today issues its Interim Management Statement for the period from 1 January 2013 to date. The figures in this statement cover the four month period to 30 April 2013.
Highlights
· Trading in line to deliver management's full year expectations
· Gross margin up 100 basis points
· Continental European Tools and General Maintenance growth on plan
· Focus on Key Accounts, Insites and cross-selling underpins market share gains
· 4 pan-European Key Accounts won
· Cash flow and net debt remain in line with expectations
Trading
Despite difficult economic conditions across Europe, we have continued to gain market share. Overall sales at constant currency were down 2.9% which represents a resilient performance. Gross profit margins have improved by 100 basis points year on year, and costs continue to be tightly controlled. As a result, we are on track to meet our full year expectations although we do anticipate a greater weighting to the second half reflecting momentum in the year to date.
Sales per working day (SPWD) for the group were 2.5% below prior year. In the UK (which includes sales from Iceland, Norway and Ireland), SPWD increased by 0.8%. In continental Europe, SPWD declined by 6.7% in Germany (which includes sales from Austria), 1.7% in France, 3.6% in Spain, 2.4% in the Benelux, and by 5.5% in the rest of Europe.
We have now classified the Buck & Hickman business into Key Accounts and base business. Under this updated definition, Key Account sales in constant currency terms were up 5.8%, with continued good growth in food and beverage (up 12.3%), metals (up 13.9%), and Fast Moving Consumer Goods (up 16.1%). Automotive sales declined by 2.2%. Including Buck & Hickman, Key Accounts now represent 52.8% (prior year 48.5%) of total sales. Four new pan-European Key Accounts with total potential annual revenues of around €23 million were won in the period. Non Key Account revenues declined 11.0%. The implementation of Insites continued at a good pace with 46 new Insites opened this year to date taking the total, after 8 closures, to 365.
Bearing sales were down 11.4% broadly reflecting the market, whilst overall non-bearing sales were flat. Non-bearing sales development continued to be driven by growth in Tools and General Maintenance of 2.7% overall and 18.7% in continental Europe. Fluid Power sales were up 2.3%. In accordance with our strategy, we continue to invest in the development of Tools and General Maintenance and Key Accounts.
Cash flow and net debt remain in line with expectations and we have reduced inventory by £10 million over the four month period.
Outlook
Trading in the period to date supports delivery of management's full year expectations. Despite the uncertain economic conditions, especially in continental Europe, the Board is confident that our proven strategy of focusing on Key Accounts, Insites and cross-selling will enable Brammer to continue to gain significant market share and deliver profitable growth.
dreamcatcher
- 17 May 2013 18:23
- 20 of 37
FLASH: Investec reiterates buy on Brammer, target raised from 450p to 470p
dreamcatcher
- 28 May 2013 13:00
- 21 of 37
Ex-Dividend
05 Jun 13 Brammer PLC [BRAM] (6.4 p)
dreamcatcher
- 25 Jul 2013 16:30
- 22 of 37
Getting back to its highs. :-)) 6% rise today
dreamcatcher
- 29 Jul 2013 17:19
- 23 of 37
Sp climbing very well. Interims in the morning.
dreamcatcher
- 30 Jul 2013 07:17
- 24 of 37
Interim Results
RNS
RNS Number : 4086K
Brammer PLC
30 July 2013
FROM HUDSON SANDLER FOR
BRAMMER PLC
PRESS RELEASE
30 July 2013
Brammer plc ("Brammer" or the "Group")
2013 INTERIM RESULTS
Brammer plc, the leading pan-European added value distributor of industrial maintenance, repair and overhaul products, today announces its unaudited results for the six months ended 30 June 2013.
Financial Highlights
· Total group revenue down by 0.8% to £328.4 million (2012: £331.1 million).
· Profit before tax up by £0.5 million to £14.6 million (2012: £14.1 million+), operating profit up by £0.7 million to £16.6 million (2012: £15.9 million+) and EPS up by 3.3% to 9.4p (2012: 9.1p+).
· Gross margin up 100 basis points to 30.7% (2012: 29.7%).
· Operating profit (pre amortisation and exceptional items) down by 7.5% to £17.2 million (2012: £18.6 million+).
· Profit before tax (pre amortisation and exceptional items) down by 9.5% to £15.2 million (2012: £16.8 million+).
· Inventory levels reduced by £13.7 million in total since 31 December 2012, representing a reduction of 14.0%. Inventory turns increased from 4.5 to 5.2 times.
· Strong operating cash generation (pre exceptional items) of £13.1 million (2012: £6.1 million).
· Additional long term funding obtained through the issue of €20.0 million of private placement notes with a fixed rate coupon of 3.36% maturing in 2023,with a further €20.0 million tranche issued in July The total facility is $100 million.
· EPS (pre amortisation and exceptional items) down by 9.3% to 9.8p (2012: 10.8p+).
· Dividend up 13.3% to 3.4p (2012: 3.0p) reflecting the Board's confidence in the outlook for the business.
Operational Highlights*
· Continued successful execution of organic growth strategy:
- Overall sales per working day down by 1.7%, but on an improving trend that saw a 1.0% increase in the month of June.
- Continued market share gains in recovering markets.
- Key Account sales per working day up 7.3% with revenues from Food and Drink up 12.0%, Metals up 12.9% and Utilities up 9.4% demonstrating the group's increased resilience to continuing economic uncertainty in its markets. Total Key Account sales, now including Buck & Hickman, represent 53.1% of total revenues (2012: 48.5%).
- InsiteTM sales growth of 8.6% (2012: growth of 10.4%) with a net 45 new locations established.
- Strong revenue growth of 24.5% in Tools and General Maintenance in continental Europe, 5.0% overall growth, following successful launch of the first pan-European catalogue in September 2012.
- Overall Brammer delivered £28.5 million (2012: £28.3 million) of validated cost savings to our customers.
* at constant currency
+ prior periods' results restated to reflect retrospective application of IAS19R - Employee Benefits
Ian Fraser, Chief executive said:
"We have seen sequential month on month revenue improvement throughout the first half. Whilst there are signs of recovery in some of our markets, we believe much of our development is arising as a result of several growth initiatives where significant investment in the last 12 months is now beginning to bear fruit. Accordingly, we are pleased to report that the improving trends in the first half have been encouraging and the group is well positioned for continued good progress".
dreamcatcher
- 02 Aug 2013 14:05
- 25 of 37
Brammer PLC (BRAM:LSE) set a new 52-week high during today's trading session when it reached 415.00. Over this period, the share price is up 87.73%.
dreamcatcher
- 02 Aug 2013 14:38
- 26 of 37
IC today rates Brammer a hold, with the robust rise of late. Sold my holding.
HARRYCAT
- 07 Nov 2014 09:00
- 27 of 37
StockMarketWire.com
Brammer has warned that full year underlying pre-tax profits will be ' somewhat below current expectations'.
It says that while sales growth since 1 July continued on the Continent, its UK sales had been affected by reduced spend amongst a small number of large customers.
An interim management statement says: "Despite challenging market conditions we have gained market share across our continental European markets. During the four-month period total sales per working day ("SPWD"), at constant currency rates were up 15.5% versus the same period last year and up 8.0% excluding Lönne.
"Including several small bolt-on acquisitions (see table below), SPWD were up 9.4% in Germany, 14.6% in France, 14.8% in Spain, 1.3% in Benelux, and 44.2% in our Eastern Europe and Other segment. SPWD in our UK segment, which represents 39.5% of total sales, were down by 3.1%. Six large customers with annualised revenues of £58 million in 2013 have reduced spend by over 20%, giving a year on year decline in 2014 of around £14 million. This has an adverse 5% effect on UK SPWD, and a concomitant effect on gross profit and trading profit."
Looking ahead, the group - a leading distributor of quality industrial maintenance, repair and overhaul products - said: "Whilst trading conditions have been less favourable than expected, our Key Account, InsiteTM, cross-selling and vending growth driver initiatives, together with a number of small bolt-on acquisitions have underpinned our growth momentum, providing profitable market share gains for the medium and longer term.
"However, the reduced demand from a small number of large customers in our UK business, combined with deteriorating market conditions in continental Europe and foreign exchange headwinds, will result in full year underlying profit before tax being approximately £35 to £36 million, somewhat below current expectations.
"Nevertheless, we are confident that our UK customer spend will recover and that our vending programme will contribute significant market share gains in the years to come."
HARRYCAT
- 17 Feb 2015 08:30
- 29 of 37
StockMarketWire.com
Brammer continued to gain market share in the year to the end of December through organic growth and strategic acquisitions, despite challenging market conditions in continental Europe and the UK.
The company said this included focusing on its self-help growth driver strategies which enable it to outperform its markets.
Brammer said that overall it delivered a record £66.2m of customer validated cost savings to customers. Revenue grew by 11.0% with sales in the year totalling £723.6 million.
Brammer said that as a sizeable proportion of its operations are based in continental Europe, it experienced a currency headwind equivalent to 3.6% of revenue growth.
At constant currency, revenue increased by 14.6% - a resilient performance achieved through clear focus on our self-help growth drivers, which delivered organic sales per working day (SPWD) growth (including incremental growth of its new Scandinavian business and the impact of the bolt-on acquisitions) of 6.8%, a rate that accelerated through the year. Key Account SPWD grew by 8.7% and base business SPWD grew by 22.2% in total, 4.4% organic growth (including incremental growth of Scandinavia and the impact of bolt-on acquisitions). The company said: "We experienced an overall sequential improvement in SPWD growth during the year with total growth of 15.5% (8.2% organic growth, including the impact of bolt-on acquisitions) in the second half compared to total growth of 14.1% (5.4% organic growth, including the impact of bolt-on acquisitions) in the first half.
"However, market conditions affected our regions in differing ways, with all regions experiencing this sequential SPWD improvement apart from the UK, which declined 2.8% overall and 4.1% in the second half.
"As previously announced, this is largely due to six large UK customers, with annualised revenues of £58 million in 2013, reducing their spend by over 20%, as a result of challenging conditions in their end markets which resulted in a year on year revenue decline in 2014 of around £14 million. The UK result contributes an adverse effect of 1.3 percentage points to the Group SPWD growth rate. Continental Europe reflected a SPWD total growth rate of 29.5% (14.7% organic growth, including the impact of bolt-on acquisitions), growth rates significantly exceeding the market."
Chief execuitve Ian Fraser said: "In 2014 we have continued to demonstrate our resilience whilst expanding our European footprint into Scandinavia. We have invested heavily in growth drivers to counter difficult market conditions; as a result we have enjoyed improving year on year growth rates in the last eight quarters (excluding the benefit from our Scandinavian acquisition) as our strategy of focusing on Key Accounts, Insites, Vending, and cross-selling initiatives continues to deliver results.
"Our continental European businesses have performed well, whilst the performance of our UK business has been disappointing, as previously indicated almost entirely due to a small number of large national and European Key Accounts reducing their spend reflecting challenging conditions in their end markets. We expect that our investment in growth drivers will enable us to continue to gain market share and provide good revenue and profit growth in the years to come."
HARRYCAT
- 15 May 2015 08:00
- 30 of 37
StockMarketWire.com
Brammer expects first half revenues to higher than a year ago but warns that profits are likely to be lower reflecting testing market conditions and FX headwinds.
Brammer - Europe's leading distributor of quality industrial maintenance, repair and overhaul products - expects an improved performance in the second half, supported by accelerating growth rates and the implementation of a major cost reduction programme. The programme has already begun which is expected to save £5mof costs during the remainder of this year.
An update issued ahead of today's annual general meeting says that sales per working day during the four months to the end of April, at constant currency rates were up 8.2% versus the corresponding period last year. Including only the incremental growth from the bolt-on acquisitions made in 2014, total SPWD growth was 1.8%.
It adds: "Despite challenging market conditions, growth in continental Europe (excluding Nordic region) was 6.3%, continuing the strong momentum from 2014. SPWD in our UK segment were broadly flat, compared to a 2.8% reduction in 2014, reflecting more stable contributions from larger Key Account customers as well as some positive signs of a return to growth. In the Nordic segment, SPWD reduced by 17.4% reflecting a challenging market and weaker demand from customers in the oil and gas sectors.
"Gross margin fell by 90 basis points mainly as a result of strong growth in the lower margin Key Account and Tools and General Maintenance ("T&GM") business and acquisitions made in 2014. However, the margin is now on an improving trend and as our volume and purchasing power in Tools and General Maintenance increases we expect this segment to provide similar margins to the rest of our business."
HARRYCAT
- 28 Jul 2015 08:29
- 31 of 37
StockMarketWire.com
Brammer's underlying pre-tax profits fell to £14.1m in the six months to the end of June - down from £17.5m last time.
Sales were up 0.4% (7.5% at constant currencies ) at £365.6m but operating profits fell to £17.2m - down 16.5% or 12.5% at constat currencies.
On a reports basis, operating profits were £12.2m - down from £14.7m - and pre-tax profits fell to £9.1m from £11.6m.
Chief executive Ian Fraser said: "Our business outside the UK and Nordic regions performed well with overall SPWD growth of 13.7% at CER, and organic SPWD growth of 5.5%, reflecting further market share gains in challenging markets. Our UK business reversed the deterioration seen in the second half of last year with an organic SPWD decline of 0.2% (compared with a decline of 4.1% in the second half of last year). However our Nordic business which is heavily exposed to the Oil and Gas sector saw organic SPWD decline of 15.9%.
"Our vending programme (Invend), whilst in its infancy, produced excellent results with strong signings and installations. Vending customers now represent 5.4% of revenues and grew 29.9%. We are encouraged by the rate of improvement in vending machine wins and installations.
"For the remainder of the year, we expect to see continued improvement in our UK business, and solid growth in our continental businesses, but our Nordic business will continue to suffer from ongoing market headwinds. We have seen evidence of an improving trend in gross margins since the end of the first quarter, and should benefit from the impact of the cost reduction programme, completed in the first half. Whilst mindful of tough market conditions and the impact of continuing weakness in the Euro, we remain on track to meet the Board's expectations for the full year.
"More broadly we expect to see limited industrial output growth in Europe over the next two years, and will therefore continue to focus on our growth driver strategy. Our Invend, cross-selling and Key Account programmes will enable us to outperform the market. Our vending programme (Invend) continues to gain traction and is beginning to deliver attractive returns."
HARRYCAT
- 11 Nov 2015 07:51
- 32 of 37
StockMarketWire.com
Brammer, a European distributor of quality industrial maintenance, repair and overhaul products, expects profits to fall this year despite revenue at constant currency for the four month period to the end of October has risen 2.7% higher, and is 5.7% higher year to date.
There has been a reduced UK performance, particularly in tools and general maintenance last month due to further deterioration in the steel and aerospace sectors which is forecast to continue.
The company says that its cost reduction programme has been extended.
It adds that its markets remain challenging, with a significant deterioration in the UK, which it does not expect this to change in the immediate future.
Full year profits will be lower than last year, reflecting testing market conditions and FX headwinds.
It now expects full year underlying profit before tax for 2015 to be approximately £28m.
Brammer reports that it will continue to focus on our growth drivers, on recovering momentum in its UK business, improving profitability in its Nordic business, and ensuring our cost saving actions protect profitability.
HARRYCAT
- 08 Mar 2016 08:35
- 33 of 37
StockMarketWire.com
Brammer posts underlying pre-tax profits of GBP27.6m for the year to the end of December - down from GBP35.1m in 2014.
Sales fell to GBP717.3m from GBP723.6m and earnings per share tell to 15.1p from 20.7p. The dividend is maintained at 10.7p per share.
On a reported basis, EPS fell to 7.3p from 9.2p and pre-tax profits of GBP13.5m were down from GBP17.7m.
Chief executive Ian Fraser said: "Financial year 2015 was tough for Brammer with particularly weak market conditions in the UK and Nordic regions exacerbated by execution problems in our UK business. 2016 has started in similar vein to the final quarter of 2015, with good performance on the continent being offset by continuing difficulties in the UK and Nordic regions. In response to these challenges we initiated a number of actions during 2015, which should lead to improved performance over the course of the current year. We have made management changes in our UK business and expect to see a turnaround during 2016. In our Nordic business we have accelerated the implementation of core growth drivers to help offset the declines in the offshore oil and gas business.
"Our margin improvement programme is proceeding well, with the underlying margin on an upward trend. Our stock reduction programme has progressed well with a reduction of £6.5 million in the first two months. Whilst we expect to make progress in each of these initiatives in the current year, the positive effect of these on the Group's earnings will be offset by the one-off impact of the focus on inventory reduction."
Separately, Brammer announced the appointment of Duncan Magrath as an executive director of the Company with immediate effect. He will take on the role of group finance director in succession to Paul Thwaite following his departure on 31 March, as previously announced.
Brammer says Magrath has a wealth of financial and listed corporate experience and, between 2008 and the end of April 2015, was chief financial officer of Balfour Beatty plc.
Brammer also announced the appointment of Steve Ashmore as an executive director with effect from 4 April. He joins the board as regional managing director with responsibility for operations in UK, Ireland and Iceland.