Invinity Energy Systems (IES), today issued a Trading Update for FY 2020 highlighting the strong performance since formation just a year ago but also the challenges faced building a business in a pandemic. IES was formed by the merger of Avalon Battery and AIM-listed redT energy in March 2020 and a £7.4m placing. This all happening as the global Covid-19 pandemic took hold. 2020F revenues are today reported as just £0.4m. However, during the period, the business was being transformed by the new ....
27 May 2021
Invinity Energy Systems: Trading Update
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Invinity Energy Systems: Trading Update
Invinity Energy Systems PLC (IES:LON) | 23.8 0 0.0% | Mkt Cap: 45.4m
- Published:
27 May 2021 -
Author:
Phil Smith -
Pages:
9
Invinity Energy Systems (IES), today issued a Trading Update for FY 2020 highlighting the strong performance since formation just a year ago but also the challenges faced building a business in a pandemic. IES was formed by the merger of Avalon Battery and AIM-listed redT energy in March 2020 and a £7.4m placing. This all happening as the global Covid-19 pandemic took hold. 2020F revenues are today reported as just £0.4m. However, during the period, the business was being transformed by the new ....