The information contained within this
announcement was deemed by the Company to constitute inside
information as stipulated under the UK Market Abuse
Regulation
27 January
2025
Sabien Technology Group
plc
("Sabien" or the "Company")
Trading update
Acceleration of new M2G
orders
Sabien (AIM: SNT), a leading provider of energy
reduction technologies, is pleased to provide the following trading
update in relation the Company's M2G Cloud Connection Solution
("M2G").
Following the last M2G trading update, which
was detailed in the Company's announcement on 18 November 2024,
Sabien has secured new orders totalling £186,243 from seven new
customers signed in January 2025. These new orders which were
secured in the last three weeks represents 26% of the Company's
total revenues for the year ended 30 June 2024.
87% of this new revenue was achieved through
Sabien's partnership with CBRE. End customers include a major
pharmaceutical company, a large European bank, a global power
technology provider, a London University, a German performance car
producer and a healthcare manufacturer.
Richard
Parris, Executive Chairman of Sabien, said:
"At around the halfway point of
the current financial year I am delighted to see our month-on-month
sales run-rate rapidly accelerating through our recent partner
engagement program. At the current monthly run rate and given our
strong sales pipeline we expect to exceed last years' sales
performance by the year end. Our new diverse customers demonstrate
the breath of our market potential and their expert buying teams
provide the compelling validation of our proposition to save
energy, cost and deliver ESG compliance."
A further sales update will be provided along
with our interim results in mid-March 2025.
For further Information, please contact:
Sabien Technology
Group plc
+44 20 7993 3700
Richard Parris,
Executive Chairman
investors@sabien.com
Allenby Capital Limited (Nominated
Adviser)
|
John Depasquale / Nick
Harriss / Vivek
Bhardwaj
|
+44 203 328
5656
|
|
Peterhouse Capital
Limited (Broker) Duncan Vasey / Lucy Williams
|
+44 207 469
0930
|
About Sabien Technology Group plc
Sabien Technology
Group plc provides energy reduction solutions designed to help
businesses achieve their sustainability goals, with a particular
focus on reducing energy consumption and carbon
emissions.
The Sabien Technology
Group plc holds the Green Economy Mark from the London Stock
Exchange, recognising companies generating over 50% of their
revenues from sustainable products and services.
Website: www.sabien.com
