“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. Read more about Brammer »

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.”

Ian Fraser, Chief Executive Officer, Brammer plc. 8 March 2016

Brammer is Europe’s leading supplier of quality industrial maintenance, repair and overhaul (MRO) products. Operating from 350+ locations in 19 countries, we deliver 24/7/365 and offer a range of solutions designed to help customers drive down the total cost of component acquisition with targeted  cost savings.

When it comes to meeting our customers’ MRO needs, there is simply nobody in Europe to match us.

Strong Industrial Heritage: Established in 1920, Brammer draws on a rich heritage of industrial and mechanical knowledge. Listed on the London Stock Exchange, the business has grown both organically and through targeted acquisitions building value for both our customers and shareholders. In 2011, Brammer acquired Buck & Hickman, a UK distributor of industrial products founded in the 1830s, operating predominantly in the Tools and General Maintenance MRO market.

Unrivalled Product Range: We are the only MRO distribution company offering a single source of supply. We stock and supply over 5 million competitively priced product lines from the world’s most respected manufacturers with over 350,000 items in stock at any time.

Time Critical Delivery: We serve more than 100,000 customers in every manufacturing sector, leveraging our pan-European network and delivering 24/7/365 locally across Europe from our 15 state-of-the-art, high-tech National Distribution Centres (NDC).

Best In Class People: We employ more than 3,500 people including more than 1,000 technical specialists. Offering added value technical expertise combined with in-depth, industry specific understanding on a regional and local level.

Customer Savings: With ever increasing competition in the industrial sector we work with our customers to constantly improve the efficiency of their production while reducing costs. In 2012 we saved our customers £51.5m of signed off cost savings.

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Annual Report

2015 Annual Report

26 March 2016

2016 Results

2015 Preliminary Results

08 March 2016