Inspired PLC (AIM:INSE), the energy and sustainability advisory group, reiterated its full-year guidance as its progress in the half year was in line with management’s expectations.
Hitting its full-year target is expected to be contingent on securing and commencing a small number of projects for its optimisation services division in the fourth quarter.
Inspired added that its strategy, centred on new client acquisitions and expanding services for existing customers, has continued to drive growth opportunities for 2024 and 2025.
In its assurance services division, the group experienced strong momentum in new business generation, contributing to revenue growth with stabilising margins.
Inspired PLC (AIM:INSE)'s net debt stood at £57.0 million as of 30 June 2024, reflecting a slight increase from the end of 2023.
However, the company said it remains focused on improving its financial position through enhanced cash conversion and strategic allocation of resources.
Mark Dickinson, CEO of Inspired, said: "The Group has delivered a robust H1 performance and is better placed than ever as a full-service provider of sustainability solutions for businesses.
“Managing energy costs and ESG are now firmly embedded as operationally and commercially critical for most businesses, creating sustained and increasing demand for Inspired's differentiated products and services."