Annual Report and Accounts 2017

Inspired Energy PLC have released the annual report for the period ending 31 December 2017.

Operational Highlights:

  • Record revenues delivered by the Corporate division, growing 32% to £21.5 million (2016: £16.3 million), with the division contributing EBITDA of £10.2 million, an increase of 34% (2016: £7.6 million).
  • Procurement Corporate Order Book increased 39% to £39.0 million (2016: £28.0 million) with strong customer retention at 85% and robust performance from significant new customer wins.
  • SME division has matured, generating record EBITDA of £2.46 million (2016: £1.75 million) with EBITDA margins up 7% to 41% (2016: 34%).
  • Excellent cash performance with cash generated from operations of £6.9 million (2016: £5.0 million).
  • Initiated process of restructuring the Corporate service offering by client category under a unified ‘Inspired’ brand, which is due to complete in H1 2018.

Read and download the full report here