Tough trading in UK and Norway offset by growth in Europe – Brammer
BRAMMER, the supplier to industry of key parts and tools, says tough trading conditions in the UK and Nordic markets, are being offset by growth in continental Europe as it targets £30m of cost reductions.
In a trading update covering the period from January 1 to April 30, the listed company, based at Knutsford in Cheshire, said it was on track to deliver cost reductions of £30m by September with £16m of savings already made.
Direct vending sales exceeded €1m for the first time in April. 1,595 machines... For the full story register now for free or login below...