No more constraints1 Mar 2024 12:20
Also on Friday, eEnergy said it expects to report revenue of GBP46 million with, adjusted earnings before interest, tax, depreciation and amortisation of between GBP5.1 million and GBP5.3 million, for the 18 months to December 31.
This would be up from revenue of GBP22.0 million in the year to June 30, 2022, and from adjusted Ebitda of GBP3.0 million. eEnergy announced in late June last year that it had changed its accounting reference date to December 31.
eEnergy explained that trading in the six months to December 31 "was impacted by the Group's balance sheet constraints which have now been alleviated as a result of the sale of the Energy Management division".