eEnergy cuts guidance after sales pipeline review

(Sharecast News) - eEnergy cut its full-year guidance on Monday after a review of its sales pipeline, although the company said first-half revenue and adjusted EBITDA were expected to rise year-on-year. The AIM-traded energy services group said investment-grade opportunities now stood at £66m, which the board said more fairly reflected live opportunities that could convert into revenue in the short to medium term.

It said it now expects 2026 revenue of about £32.0m, down from previous guidance of £38.0m, and adjusted EBITDA of £1.7m, reduced from £4.5m.

The company said interim chief executive John Gahan had started a restructuring and cost-saving programme expected to cut annual operating costs by almost a third and deliver annualised savings of about £2.0m.

First-half revenue is expected to be around £22.0m, up from £10.1m a year earlier, with adjusted EBITDA of about £1.2m.

At 1031 BST, shares in eEnergy Group were down 33.33% at 3.4p.

Reporting by Josh White for Sharecast.com.

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