Utilitywise plc AGM Statement (0351J)
December 15 2015 - 1:00AM
UK Regulatory
TIDMUTW
RNS Number : 0351J
Utilitywise plc
15 December 2015
15 December 2015
Utilitywise plc
("Utilitywise" or the "Group")
AGM Statement
Utilitywise plc (AIM: UTW), the leading independent utility cost
management consultancy, will today hold its Annual General Meeting
at 10.00am. The Chairman, Richard Feigen, will make the following
statement:
"We are pleased to announce that the Group has made a solid
start to the year, with trading during the period in line with
expectations. The pace of recruitment is picking up and we
anticipate our position continuing to improve, as per previous
market guidance, as the year progresses.
Customer numbers as at 30 November 2015 were 28,507 and our
secured future pipeline was GBP27.7m at the same date.
We announced in October that we had reached an agreement with a
key supplier that payment terms for an extension to an existing
contract which has not expired would be the same as those for a new
customer, with the majority of the revenue from such contract
extensions falling due at the time the contract extension is
signed. We are pleased to have reached a similar agreement with
another of our key suppliers, also announced this morning and
similar discussions are ongoing with other suppliers.
Additionally, we expect the recent oil price reduction to feed
through to improved tariff opportunities for end consumers,
providing further opportunities to serve our customers. We are also
making good progress in developing further our multi-channel routes
to market and will be in a position to provide further clarity on
these in 2016. Overall, we continue to view the future with
confidence."
For further information:
Utilitywise plc 0330 303 0233
Geoff Thompson (CEO)
Jon Kempster (CFO)
finnCap (NOMAD and broker) 020 7220 0500
Matt Goode/ Grant Bergman (Corporate
Finance)
Simon Johnson (Corporate Broking)
Liberum (Joint broker) 020 3100 2000
Robert Morton/ Steve Pearce
Redleaf Communications 020 7382 4730
Rebecca Sanders-Hewett/ Richard
Gotla/ David Ison/ Susie Hudson
About Utilitywise
Utilitywise is a leading independent utility cost management
consultancy based in North Tyneside. The Group 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 has c.28,500 UK & I customers.
This information is provided by RNS
The company news service from the London Stock Exchange
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