eEnergy YTD performance in line with expectations

Energy services firm eEnergy said on Friday that it continued to trade in line with market expectations for the financial year ending 30 June.

eEnergy stated its growing portfolio of energy reduction solutions had helped diversify the group and cultivate "a large and relevant customer base", while it added that acquisitions made in the 2021 trading year had also been integrated into the group and were "delivering to expectations".

The AIM-listed group said its pipeline of opportunities had progressed well, in part fuelled by the resumption of industry events and the chance to actively market its integrated solutions and while the board expects that "the well-documented volatility in energy markets" will drive organisations to eliminate energy wastage and reduce consumption, it also expects this to present "multiple opportunities".

Chairman David Nicholl said: "The recent COP26 forum reaffirmed the world's commitment to a net zero energy transition and the group expects increasing amounts of funding being made available by governments and financial institutions to achieve decarbonisation. The board strongly believes that eEnergy remains very well positioned to take full advantage of the opportunities this creates."

As of 0905 GMT, eEnergy shares were down 1.82% at 13.50p.