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.

 

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