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30 Jan 2019 | 14:00

Inspired Energy sees annual adjusted profit rising 22%

Energy procurement consultant Inspired Energy said it expected to post a 22% rise in adjusted annual profit, meeting market forecasts, after five separate acquisitions boosted sales.

Revenue for the year through December was seen rising 21% following the purchases of Inprova Finance, Squareone, Professional Cost Management, Systemslink 2000 and Energy Cost Management.

Inspired Energy said a strong trading tend had continued into 2019, underpinned by a 36% rise in its order book.

Chief executive Mark Dickinson noted that the company had also delivered organic growth in its corporate division.

'We remain focused on delivering our core financial, operational and strategic objectives, whilst simultaneously broadening the service offering for our clients, to help them to optimise the value of every pound spent on utilities,' he said.

'Inspired Energy had an excellent 2018 and I am confident that 2019 will be another year of significant progress for the group with trading in line with expectations.'

At 2:00pm: (LON:INSE) Inspired Energy PLC share price was +0.5p at 17.7p

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