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Business & education services

Inspired reports 'accelerating demand' as energy becomes 'high priority'

The company reported strong growth in energy optimisation services and accelerating demand for ESG

Inspired PLC (AIM:INSE) reported “strong trading” and an improvement in its underlying cash generation in the six months to 30 June.

In a trading update today, the energy efficiency company said growth in its energy optimisation services is robust as energy has become a "high-priority" issue for businesses.

The company, which supports its clients to manage energy prices and reduce energy consumption and carbon emissions, cited “accelerating demand” for its environmental, social and governance (ESG) services.

Its board believes its half-year results will be in line with expectations, according to the statement.

Mark Dickinson, chief executive of Inspired, said: "Against a challenging market and macroeconomic backdrop, we are pleased to report a period of solid growth, with the optimisation and ESG divisions gaining particularly good traction in particular, a trend we see continuing into the second half.

"The transition to Inspired PLC (AIM:INSE) a year ago has enabled us to strengthen our platform and leading market position as we support businesses in their response to the ongoing energy crisis and climate emergency."

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