Sabien Technology flags small fall in orders, revenue

(Sharecast News) - Sabien Technology Group said on Monday that customer orders for the year ended 30 June totalled more than £908,000, compared with £948,053 a year earlier, while revenue is expected to exceed £746,000, down from £846,015. The AIM-traded energy efficiency technology company said some orders received during the second half had been carried into FY2027, leaving it with an opening order book of more than £196,000, up from £59,453 a year earlier.

Sabien said it had strengthened its balance sheet during the year and continued to assess strategic investment and partnership opportunities, although no agreement had been reached.

Executive chairman Richard Parris said the company entered FY2027 with "a significantly stronger opening order book" and a clearer focus on expanding commercial routes to market, completing the migration of its M2G platform to the EVO architecture and improving operational efficiency.

At 1200 BST, shares in Sabien Technology Group were up 7.69% at 3.5p.

Reporting by Josh White for Sharecast.com.

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