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Business & education services

Inspired Energy says it is trading in line with market expectations

The update was provided ahead of the energy procurement consultant's annual meeting

Inspired Energy PLC (LON:INSE) said trading was in line with expectations, adding that recent acquisitions, Businesswise Solutions and General Energy Management, were bedding in well.

The update was provided by chief executive Mark Dickinson ahead of the firm’s annual meeting later on Wednesday.

He added: "The underlying market dynamics continue to provide growth opportunities within energy optimisation services and the board is encouraged by the increasing traction in demand for Inspired ESG and Inspired Software."

The company is a consultant in the areas of energy procurement, utility cost optimisation and legislative compliance.

House broker Shore Capital said: "With recovery out of the pandemic gaining momentum, Inspired is poised to benefit, in our view, delivering essential services in energy assurance and optimisation as well as through its emerging ESG based compliance platforms."

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