Inspired makes 'good progress' in H1

16th Aug 2024 09:17

(Sharecast News) - Energy and sustainability advisor Inspired said on Friday that it had made "good progress" in H1 and was "confident" in its ability to deliver full-year results that were in line with market consensus estimates of £115.5m in revenue and £27.4m of adjusted underlying earnings.

Inspired said its FY performance was dependent on delivering a small number of significant optimisation services projects, which were expected to be contracted and commence on-site in Q4 2024.

However, the AIM-listed group added that its strategy, which was centred on new client wins and expanding the number of services provided to existing customers, continued to drive growth in opportunities for 2024/25.

Chief executive Mark Dickinson said: "The group has delivered a robust H1 performance and is better placed than ever as a full-service provider of sustainability solutions for businesses.

"It is clear that the strategy we have in place, which is focused on ensuring customers have access to, and make use of, our full suite of sustainability services, is driving a step change in the business."

As of 0915 BST, Inspired shares had rallied 7.14% to 75.0p.

Reporting by Iain Gilbert at Sharecast.com