Fusion Corporate Partners

Utilitywise PLC, an independent utility cost management consultancy, has announced its financial results for the six months ended 31 January 2015.

Financial Highlights

• Revenue increased 42% to £29.9m (H1 2014: £21.0m)
• Adjusted EBITDA increased 42% to £7.7m (H1 2014: £5.4m)
• Adjusted Pre-tax profit increase of 49% to £7.3m ( H1 2014: £4.9m)
• Adjusted fully diluted EPS increased 41% to 7.2p (H1 2014: 5.1p)
• Proposed interim dividend increased 55% to 1.7p (H1 2014: 1.1p)
• Net cash of £1.6m (H1 2014: (£0.1m))

Corporate Highlights

• Successful move to new corporate headquarters
• Energy consultants increased 29% to 449 (H1 2014: 347)
• Total group headcount up 16% to 884 (H1 2014: 761)
• New initiatives such as ESOS and water de-regulation in Scotland resourced to drive new revenue opportunities

Post period highlights

• Energy consultants increased to 549 (22% increase post period end)
• Total group headcount up 14% to 1,011
• Secured revenue as at 31 March 2015 at £26m
• Group customer numbers at 23,109 at 31 March 2015
• Acquisition of t-mac Technologies Ltd

 Geoff Thompson, Chief Executive of Utilitywise, commented:

“The Group has continued to make progress with impressive growth in both revenue and EBITDA. During the period, we both extended contracts for existing customers and continued to secure new customers, providing further validation of the strength of our proposition and the important differentiation we have achieved through the on-going development of our energy management products and services.

“The move to our new Head Office was completed on schedule and on budget in November 2014, enabling us to accelerate the recruitment of additional staff in order to drive future growth and the progress with this is in line with our plans. New customer acquisition remains an important priority and, in line with this, we are pleased to report that March 2015 represented the highest monthly customer acquisition performance for the Group in its history.

“A significant market opportunity exists for continued profitable growth and we look forward to a second half of continued positive momentum.”

Access the full statement at the London Stock Exchange website here

UK, North Tyneside

Related articles:

• Utilitywise acquires t-mac Technologies for an initial £10M Posted on April 21, 2015
• Utilitywise plc – Year End Trading Update Posted on August 5, 2014
• Utilitywise PLC acquires ICON Communication Centres in the Czech Republic Posted on April 30, 2014
• Utilitywise – audited results for the year: Utilitywise – acquisition analysis Posted on October 30, 2013
• Utilitywise announces preliminary results for the year ended 31 July 2013 October 15, 2013
• Utilitywise plc to acquire Energy Information Centre Limited for £15.5 million Posted on June 13, 2013
• Utilitywise plc acquires Aqua Veritas Consulting Limited Posted on April 18, 2013
• Utilitywise – maiden report Posted on October 18, 2012
• Utilitywise acquires Clouds Environmental Consultancy Limited Posted on October 2, 2012
• Utilitywise to list on AIM Posted on June 18, 2012