Member Article

Brammer plc report UK sales down

Spending per week-day in their UK segment represents 39.5% of total sales, and were down 3.1% on the same period last year.

Knutsford’s Brammer plc is a distributor of quality industrial maintenance, repair and overhaul products has issued its interim management statement for the period from 1 July 2014 to date.

Brammer employs over 3,500 peoples in over 350 locations across 19 countries

While its sales on the continent have grown its UK sales have been affected by reduced spending from a small number of its large customers.

However they report that key account spending which represents 52.9% of revenues, were up 7.9% overall during the four-month period, despite the declines with the UK customers.

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 had effect on gross profit and trading profit.

Consequently their expected profit before tax is set at approximately £35 to £36 million for the full year which is below their expectations.

This was posted in Bdaily's Members' News section by Sophia Taha .