eEnergy: Full Year Revenues +200%, announces maiden profit
AIM-listed eEnergy the Energy Efficiency-as-a-Service business has hailed a ‘transformational’ year for the group which has seen a 200% growth in revenues (up to £13.5m), with a 69% in crease in eLight projects completed and average revenue per project up by 52%. Growth has been driven organically (organic revenue growth of 75%) and acquisitive growth with two acquisitions made in the period.
The Company remains highly confident that the fundamentals of the market and associated regulatory drivers provide a significant opportunity for growth in the medium term. Whilst early in the current financial year, the Board expects revenue and profit before and after tax and before exceptional items for FY22 to be materially ahead of FY21.
Harvey Sinclair, Group CEO, commented “Whilst the last year has been tough for all businesses, I am very pleased with the significant progress we have made during our first full year as a public company. I am proud that we have been able to post our maiden full year profit(1) and deliver organic growth of 75%. We have grown our management team and executed on our strategy of acquiring and integrating value enhancing businesses which has moved eEnergy into the exciting wider energy services market. This provides an excellent platform for continued material growth in revenue and profit over the medium term.”
The film below, shot at last year’s full year results, outlines eEnergy’s services and growth strategy