eEnergy has confirmed a strong performance in Q3 in terms of new customer wins and contract signings, with continuing momentum into Q4. However, as a result of extended installation times and a longer sales cycle, a number of recently signed contracts are unlikely to be recognised in the current financial year. Whilst underlying progress is positive, this triggers a 13% reduction to our FY22 revenue forecast (EPS -37%). We prudently trim FY23 revenue by 6%, noting a more subdued recovery in Irel ....

04 May 2022
Trading update and Board change

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Trading update and Board change
eEnergy Group PLC (EAAS:LON) | 5.1 0 0.0% | Mkt Cap: 19.7m
- Published:
04 May 2022 -
Author:
James Tetley -
Pages:
3 -
eEnergy has confirmed a strong performance in Q3 in terms of new customer wins and contract signings, with continuing momentum into Q4. However, as a result of extended installation times and a longer sales cycle, a number of recently signed contracts are unlikely to be recognised in the current financial year. Whilst underlying progress is positive, this triggers a 13% reduction to our FY22 revenue forecast (EPS -37%). We prudently trim FY23 revenue by 6%, noting a more subdued recovery in Irel ....