eEnergy has released its unaudited results for the year ending 30 June 2020 along with a trading update for the period from 1 July to 11 September 2020.
Highlighting both timeliness and opportunity of the Group’s business model, which has benefitted from a number of operational moves taken since January’s AIM Admission, eEnergy delivered positive operating EBITDA for each month of its fourth-quarter despite coincidence with the Pandemic lockdown, since when it has experienced a significant uplift in new business wins and installation momentum.
With increasing evidence of accelerating interest in Light-as-a- Service (‘LaaS’) as eEnergy entered its new financial year, the CEO now expects his Group to breakeven at the post-tax profit level for the six months to end- December 2020.
Given that significant year-on-year growth is expected to continue into Q2 2020/21 with activity further strengthening beyond this, eEnergy now appears ideally positioned to fulfil its stated business plan both in terms of assessing strategic acquisition opportunities and exploring potential to expand its offering across the wider energy management sector.
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