Last checked at 1 Feb 2013 07:00
1 February 2013
Inspired Energy plc
("Inspired Energy" or the "Group")
Trading Update
Notice of Results
Inspired Energy (AIM: INSE), a leading energy procurement consultant to UK corporates, is pleased to provide a trading update for the financial year ended 31 December 2012.
Revenues for the full year are expected to be marginally ahead of market expectations whilst profit before tax, excluding deal costs and amortisation of intangible assets associated with the acquisition of Direct Energy Purchasing Limited ("DEP"), is anticipated to be broadly in line with forecasts. Net Debt is expected to be approximately £1.8 million.
Trading remains strong with the contracted order book of Inspired Energy Solutions Limited rising to £6.3 million as at 31 December 2012 (31 December 2011: £4.3 million). DEP's order book has also grown substantially in the period since its acquisition to £2.6 million (31 December 2011: £1.7 million), taking the Group's aggregate current, contracted, order book to £8.9 million as at 31 December 2012.
Janet Thornton, Managing Director of Inspired Energy, commented: "We have a strong contracted order book and the Board is confident of the Group's outlook. We look forward to continued organic growth in the year ahead, alongside the pursuit of further earnings enhancing acquisitions."
Inspired Energy expects to announce its full year results for the year ended 31 December 2012 on 21 March 2013.
Enquiries:
Inspired Energy plc Janet Thornton, Chief Executive David Foreman, Finance Director
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+44 (0) 1772 689250 +44 (0) 7717 707 201 www.inspiredenergy.co.uk |
Shore Capital Bidhi Bhoma Edward Mansfield
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+44 (0) 20 7408 4090
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Gable Communications Justine James John Bick | +44 (0) 20 7193 7463 +44 (0) 7525 324431 inspired@gablecommunications.com |
Notes to editors
Inspired Energy plc is an energy procurement and management business which was founded in 2000 by Managing Director, Janet Thornton. Through optimising energy procurement on behalf or its clients Inspired enables its clients to achieve greater certainty of their energy costs and in many cases delivers significant savings. The Inspired Group, including Direct Energy Purchasing Limited which was acquired in April 2012, currently manages and negotiates c1,250 gas and electricity supply agreements on behalf of c625 customers across the UK in a broad range of sectors.