Brady plc provided earnings guidance for the year ended December 31, 2012. For the year, the group expects to report EBITDA excluding exceptional costs of approximately £5.2 million, 40% ahead of 2011. Adjusted EPS is expected to be approximately 5.7 pence, in line with market expectations.

Revenue growth in 2012 was approximately 47%, supported by the acquisitions of Navita, syseca and SAI in 2012. The revenue mix in the year was significantly weighted towards licence revenue reflecting a slower transition from an up-front licence model to the rental model than initially anticipated. The group's strategy continues to be to adopt a rental model, and intends to accelerate the pace of transition during 2013.