Inspired PLC flags a surge in revenue, supported by its Energy Optimisation division
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Inspired PLC (AIM:INSE) chief executive Mark Dickinson joined Proactive’s Stephen Gunnion with details of the company’s strong 2021 performance.
Dickinson telling Proactive that the outperformance was driven by the Energy Optimisation division gaining momentum through the second half of the year, delivering a record revenue quarter for the division in the final three months of the year.
A trading update from Inspire said adjusted underlying earnings (EBITDA) are expected to be about 55% higher year-on-year, in line with the market consensus, with the group seeing an improvement in margin in the second half of the year. Underlying cash generated from operations increased significantly in the second half of 2021 to roughly £7 million.
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