INVESTORS
Outperforming expectations by accelerating growth
INVESTMENT CASE
The Group has a clear strategy to deliver sustainable profitable growth and value for all of our stakeholders. Our Investment Case is summarised below.
RESULTS CENTRE
View our Interim and Annual results.
ANALYST RESEARCH
View the latest analyst research notes.
2023 HIGHLIGHTS
Bigger
- Strong revenue growth, up 65% on 2022
- Fastest growing supplier of gas and electricity meters (Our analysis of Cornwall Insight Market Share Report, Oct23)
- Meter point growth of 109% versus 2022
- Expect to deliver organic growth of c.50%, despite lower commodity market environment
BETTER
- Another fantastic year for the Group, with further growth to come
- Adjusted EBITDA up 409% to £42.6m
- Earning per share, adjusted and fully diluted, increased to £1.82
FASTER
- ‘Digital by Default’ driving efficiency and providing enhanced customer service
- Scalable technology platform differentiates us from competitors
- Yü Smart continues to scale providing operational benefits alongside a growing high margin annuity income
STRONGER
- New, transformational trading agreement with Shell Energy Europe Limited (“Shell”), provides efficient access to commodity markets, sized for significant continued growth
- Continued focus on customer service resulting in 4.1 TrustPilot score