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Birmingham Post
Birmingham Post
Business
Jon Robinson

Energy advisor's full-year revenue and profits expected to surge

An energy advisor's revenue is expected to be almost 50% higher than in 2020 while its profits are also set to surge by more than half.

Inspired plc, which is headquartered in Lancashire, has revealed its group revenue for the 12 months to December 31, 2021, are expected to be c.48% higher than in 2020.

Its group adjusted EBITDA is also set to be c.55% ahead of 2020's total of £12.8m.

READ MORE: Castore to create up to 150 jobs this year after record-breaking sales and profits

A statement issued to the London Stock Exchange said: "2021 was a year of significant progress across the group, with a strengthened platform capable of generating long term growth as the business' end markets continue to recover from the pandemic.

"The global energy crisis has highlighted energy as a high priority board level topic.

"The group continues to proactively respond to this, working tirelessly to support clients manage energy prices and reduce their energy consumption and carbon emissions during these unprecedented times."

Chief executive Mark Dickinson said: "With the changing landscape, we are delighted to report on a period of strong growth at Inspired, both financially and operationally.

"The performance in 2021 reflects the continuing recovery in energy consumption, alongside a return to on site access to client premises, accelerating the delivery and implementation of energy optimisation services.

"We are encouraged by the current execution of the business plan within the ESG Solutions division, which is gaining good traction and we expect further progress during 2022.

"The transition to Inspired PLC has enabled us to strengthen our market position as we help our clients respond to the climate emergency whilst controlling their costs.

"Looking ahead, the board remains confident in achieving its objective of evolving into the leading provider of services to help businesses respond to climate change and meet their net zero targets."

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