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The Markets
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The Markets
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Proactive UK has moved.
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Energy

Inspired Energy shares spark up as revenues rise

Shares in Inspired Energy pushed higher on Thursday....

Shares in Inspired Energy (LON:INSE) pushed higher as the firm, which procures gas and electricity for businesses, said it expects 2015 revenues to be around 40% higher than last year, and ahead of market consensus.

Enhancing organic growth was the two acquisitions last year of Wholesale Power UK Limited (WPUK) and STC Carbon Holdings (STC), which have increased the breadth of the target customer base, and now includes clients in leisure, logistics and the public sector.

Revenues for the year to end 2015 are expected to be £15.1 million, against £10.8 million in 2014.

Adjusted underlying earnings are expected to be 25% ahead of the previous year and in line with market expectations, which were revised upwards during 2015.

The firm revealed the corporate division had an excellent year, both organically and as a result of the enhanced services following the acquisitions, with an order book now greater than £24.5mln - a 75% increase year-on-year.

Shares added 4.72% to stand at 13.875p.

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