Inspired PLC (AIM:INSE) chief executive Mark Dickinson has hailed the company’s ‘excellent’ operational performance as investors were told the group exited 2022 with a record order book.
The company provides what it describes as ‘technology-enabled’ services used to reduce energy costs and control consumption.
It announced stellar results from its ESG divisions leading to a better than expected £88mln in annual sales, up 30% year on year.
Group adjusted EBITDA of £21mln (up 6%) is set to be in line with market expectations and net debt reduced by nearly £6mln through the second half of the year.
In the full-year trading update, Inspired chief executive Mark Dickinson said: "In what has been the most challenging year ever seen in the energy markets, I am delighted with the group's excellent operational and financial performance, exceeding expectations in revenue growth and delivering EBITDA and net debt in line with market expectations, with strong cash generation in the second half of 2022."
With a strong performance in last year and positive momentum in the energy optimisation services and ESG divisions, the company said it has confidence in the outlook.
The global energy crisis has put energy at the forefront of board-level discussions, and Inspired continued to respond to this by working to support clients in reducing their energy consumption and carbon emissions, investors were told.
"With a sales pipeline that is at record levels, and a notable acceleration in Optimisation and strong growth in our ESG practice, we are increasingly demonstrating that we are the market-leading solution at a market-leading price point, and therefore we are confident of future success," added Dickinson.