eEnergy Group PLC AGM Statement (8999S)
19 Noviembre 2021 - 1:00AM
UK Regulatory
TIDMEAAS
RNS Number : 8999S
eEnergy Group PLC
19 November 2021
19 November 2021
eEnergy Group plc
("eEnergy" or "the Group")
Annual General Meeting Statement
eEnergy (AIM: EAAS), a leading Energy Efficiency-as-a-Service
and Energy Management-as-a-Service business in the UK and Ireland,
will hold its annual general meeting later this morning and the
Chairman, David Nicholl, intends to make the following
statement:
"The Group continues to trade in-line with market expectations
for the current financial year ending 30 June 2022 (FY22). eEnergy
continues to make significant progress towards its stated goal to
provide a simple, one stop shop solution to organisations and
companies wanting a path to Net Zero emissions.
eEnergy's growing portfolio of energy reduction solutions,
complemented by its 'Buy & Build' strategy has helped diversify
the Group and cultivated a large and relevant customer base to
which the Group can cross-sell by delivering its end-to-end
offering. The acquisitions made in FY21 have been integrated into
the Group and are delivering to expectations. The UtilityTeam
acquisition, the largest to date, completed in September, is being
integrated by the newly established leadership team to form the
consolidated Energy Management division. This work is on track and
expected to complete by the end of June 2022. Further, in FY22, the
Group expects to roll out a new onsite solar generation offer and
intends to add electric vehicle charging solutions that will help
clients achieve energy independence and resilience as they
implement net zero strategies.
The pipeline of opportunities across the Group has progressed
well, in part fuelled by the resumption of industry events and the
chance to actively market the Company's integrated solutions. The
Board expects that the well-documented volatility in energy markets
will drive organisations to eliminate energy wastage and reduce
consumption, which is expected to present multiple
opportunities.
Additionally, 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."
Investor Meet Company presentation
eEnergy will host an Investor Meet Company event after the AGM
today that will start at 12:00pm. Those who wish to attend the
event will be required to register in advance. Please follow the
link to register your attendance:
https://www.investormeetcompany.com/eenergy-group-plc/register-investor
For further information, please visit www.eenergyplc.com or
contact:
eEnergy Group plc Tel: +44 20 7078
9564
Harvey Sinclair, Chief Executive Officer info@eenergyplc.com
Ric Williams, Chief Financial Officer
Singer Capital Markets (Nominated Adviser Tel: +44 20 7496
and Joint Broker) 3000
Justin McKeegan, Mark Taylor, Asha Chotai
(Corporate Finance)
Tom Salvesen (Corporate Broking)
Turner Pope Investments (Joint Broker) Tel: +44 20 3657
0050
Andy Thacker, James Pope info@turnerpope.com
Tavistock Tel: +44 207 920
3150
Jos Simson, Simon Hudson, Katie Hopkins eEnergy@tavistock.co.uk
About eEnergy Group plc
eEnergy Group plc is an integrated energy services company,
enabling organisations to transition to 'Net Zero' through
"Energy-as-a-Service". The Group offers:
-- Energy Management as-a-Service; providing energy measurement,
monitoring and analytics on top of core "Zero Carbon" procurement
services;
-- Energy Efficiency as-a-Service; zero upfront capital, energy
reduction solutions through measured savings contracts including
its LED businesses; and
-- Enhanced customer value proposition through data gathered and
analysed with its proprietary MY ZeERO intelligent analytics
platform.
eEnergy was admitted to AIM in January 2020 with a strategy to
use its market leading eLight "Light as-a-Service" business as the
foundation to expand eEnergy as a broader energy services company
via a 'Buy & Build' strategy. The Group has completed four
transactions since admission, building a Top 5 energy management
business in the UK and acquiring proprietary smart metering and
analytics capability through the investment in MY ZeERO. The
Board's strategy continues to be to build a broader energy services
company through acquisition with a particular focus on energy
efficiency related capabilities and technologies. The market in the
EU for energy efficiency services was approximately EUR25 billion
in 2017 and is expected to double by 2025.
eEnergy has been awarded The Green Economy Mark by the London
Stock Exchange, which recognises a company's work on
sustainability.
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