Inspired PLC (AIM:INSE) is “better placed than ever”, says chief executive Mark Dickinson, as the energy and sustainability advisor today told investors that it is performing in-line with market expectations.
The company, in a trading update ahead of 2024 results due out in March, confirmed the numbers would meet revised guidance and market expectations – with revenue for the year expected at £94 million and earnings (adjusted EBITDA) at £23 million.
Inspired said cash conversion improved significantly to around 90%, from 70% in the previous year, meanwhile, the financial had been supported by January’s £26.7 million fundraise.
“The group is now better placed than ever to deliver as a full-service provider of sustainability solutions for our customers,” Mark Dickinson said in a statement.
“As we enter FY25, our strong start and solid financial position set the stage for continued growth.
“With our strong business pipeline, the three significant optimisation projects progressing well and with a strengthened balance sheet, we have the ability to reduce leverage and capitalise on the significant organic growth opportunities, in our growing addressable market.”
Looking ahead, Inspired said that 2025 had started well, in line with management expectations, and highlighted the launch of three optimisation projects.
These projects are progressing as planned and are expected to be completed in the first half of 2025.
Dickinson added: “Our confidence is underpinned by a record pipeline and the growing momentum we are seeing across our four divisions supported by a need for companies to reduce energy costs, consumption and carbon emissions in an increasingly complex regulatory environment.
“We are focused on building on the momentum we are seeing and delivering on our strategic objectives in 2025 and beyond."