AGM Statement
Continued growth for the period covering
100% renewable electricity supplier and localised self-generation power service provider,
Current performance and outlook
Overall, a good start to the year with continued growth in both
The overall cash position remains strong following further cash collection improvements and better than expected working capital utilisation partly on account of the warmer winter. Gross debt will be reduced by the end of June following the completion of the Brynwhilach sale and the repayment of the
Profit from continuing operations is expected to be weighted towards the first half of the year, despite the warmer Q1 period. Overall, the performance of the group remains in-line with management expectations.
Our next update to the market will be for our Interim Results in
"Yesterday's announcement that the Government is committing to net zero emissions by 2050 is a historic move that puts the
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"As we move from 'supply' model of business to 'share' model, our future value to customers is in energy services, which we have made significant strides towards in the last 12 months. We have commenced our smart metering rollout - the great enabler for a shared energy future, specifically in the domestic market. In Zap-Map, we have invested in the leading electric vehicle data platform, creating huge opportunities for services in the crucial area of clean transport. In our HAVEN project researching vehicle to home energy sharing, we are developing how clean transport and the smart home interact.
"Supplying clean energy to homes and businesses continues to power our business today. The current market trends, our expertise and the steps we have made into new energy technology services will power our business into a cleaner, greener future."
Enquiries:
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Tel: +44 (0)1249 766795 |
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Tel: +44 (0) 20 7597 5970 |
Walbrook (Financial PR)
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Tel: +44 (0) 20 7933 8794
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Notes to editors:
About
Since it started, the company has been supplying clean power, sourced from its own generation assets as well as from independent,
Today, it continues to support and invest in localised energy generation, as the only
This information is provided by RNS, the news service of the