Utilitywise plc Pre-close Trading Statement (6435K)
August 01 2013 - 1:00AM
UK Regulatory
TIDMUTW
RNS Number : 6435K
Utilitywise plc
01 August 2013
1 August 2013
Utilitywise plc
("Utilitywise", the "Company" or the "Group")
Pre-close Trading Statement
Utilitywise PLC (AIM:UTW), a leading independent utility cost
management consultancy, is pleased to provide a trading update for
its financial year ended 31 July 2013.
Revenue for the full year is expected to be broadly in line and
adjusted profit before tax is anticipated to be in line with market
expectations. Net cash balances at 31 July are expected to be
approximately GBP3.7 million with the value of contracts secured
but not yet live standing at GBP16.6 million.
Trading remains strong and the Board is confident in the
Company's ability to deliver continued organic growth. Following
the recent acquisition of Energy Information Centre (EIC) on 3
July, positive progress has been made on the integration of the
business. Since completion of the acquisition two major contracts
have been won for large users of energy, as a result of the Group's
ability to bring energy reduction measures to its customers
alongside a risk managed approach to procurement.
Utilitywise expects to announce its full year results to 31(st)
July, in the third week of October 2013.
Geoff Thompson, CEO of Utilitywise, commented: "I am delighted
that we are continuing to achieve strong organic growth of both
revenue and profits. Since listing on AIM in June last year we have
made a number of acquisitions which have complemented our range of
products and services. The recent acquisition of Energy Information
Centre which provides us with a strong position in the Industrial
& Commercial market, is already achieving good progress and the
integration is proceeding well."
For further information:
Utilitywise PLC 0870 626 0559
Geoff Thompson, CEO
finnCap (NOMAD and broker) 020 7220 0500
Matt Goode / Charlotte Stranner / Henrik Persson
(Corporate Finance)
Simon Johnson (Corporate Broking)
Newgate Threadneedle 020 7653 9850
Josh Royston / John Coles / Hilary Millar
About Utilitywise
Utilitywise is a leading independent utility cost management
consultancy based in South Shields, Tyne and Wear with offices in
Portsmouth, Redditch, Leicester and Bury St Edmunds. The company
has established trading relationships with a number of major UK
energy suppliers and provides services to its customers designed to
assist them in achieving better value out of their energy
contracts, reduced energy consumption and lower carbon
footprint.
Businesses large and small rely on Utilitywise for their energy
management needs. Clients range in size from single site SME's to
multinationals with thousands of sites and cover the whole of the
UK. In total, Utilitywise manages over 58,500 energy meters which
have an overall energy consumption of approaching 16 terra watt
hours per annum.
Utilitywise is a UK company quoted on the AIM market of the
London Stock Exchange. For more information, please visit
www.utilitywise.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTNKDDBPBKDBON
Utilitywise (LSE:UTW)
Historical Stock Chart
From Jun 2024 to Jul 2024
Utilitywise (LSE:UTW)
Historical Stock Chart
From Jul 2023 to Jul 2024