Bravura Solutions announces expected EBITDA upgrade

Sydney, 2 July 2012 – Bravura Solutions Limited (Bravura) wishes to announce a revenue update and an expected EBITDA upgrade for the financial year, ended 30 June 2012.

Revenue for FY2011 was $120.7 million. Revenue for FY2012 is expected to be in the range of $125.0 million to $127.0 million.

EBITDA for FY2011 was $19.0 million. EBITDA for FY2012 is expected to be in the range of $22.0 million to $24.0 million.

As financial services organisations prepare for regulatory changes in both Australia and Europe, Bravura is seeing increased business opportunity. In particular, Sonata, our next generation Wealth Management application, continues to gain traction, and we are pleased that major clients in our Transfer Agency business are extending and enhancing the platforms that underpin their success. The Company continues to focus on and nurture client relationships in pursuit of its commitment to growth.

Bravura’s end of financial year results will be released to the market on Thursday, 23 August 2012, and the AGM will be held on Tuesday, 23 October 2012.

@BravuraFinTech
on Twitter

Posted 2 days ago

Hong Kong’s US$46 Billion ETF Market – Prepare for the Chinese ‘ETF Connect’ Wave https://t.co/hg1FDAvIO7

Posted 3 days ago

Learn more about the impact of fintech on the superannuation value chain https://t.co/U5seQeAcuL

Posted 9 days ago

Congratulations to our 2017 SelectingSuper Awards Breakfast winners! @SelectingSuper https://t.co/j0vOBBoFh9

Posted 10 days ago

RT @TweetsizedMRM: .@BravuraFinTech's Kirsty Worgan writes about modernising tech and how doing nothing is dangerous on @Profadviser https:…

Posted 16 days ago

Delighted to announce Discovery Limited has selected Bravura to support its new corporate savings vehicle and insti… https://t.co/FXyjiZbCGY