Overview
UK shipping advisory firm's FY26 revenue fell 4% yr/yr amid weaker chartering
Company completed £2 mln share buyback during the year
Outlook
Braemar aims for annual revenue of £200m by FY30 with 15% operating profit margin
Result Drivers
WEAKER CHARTERING RATES - Revenue decline was primarily due to softer chartering markets, especially in the first half
DIVERSIFICATION BENEFITS - Strong performances in Sale and Purchase and Risk Advisory helped offset weaker chartering
COST DISCIPLINE - Operating expenditure declined, mainly due to lower bonus costs reflecting reduced financial performance
Company press release: ID:nRSU1678Fa
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
GBP 135.60 mln
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the marine freight & logistics peer group is "buy."
Wall Street's median 12-month price target for Braemar PLC is GBp260.00, about 10.6% above its May 20 closing price of GBp235.00
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
