REG - Eneraqua Technolgs. - AGM Statement

Eneraqua TechnologiesAnnouncement

03/07/2024 07:00

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RNS Number : 8746U  Eneraqua Technologies PLC  03 July 2024

 

3 July 2024

Eneraqua Technologies plc

("Eneraqua", the "Company" or the "Group")

 

AGM Statement

 

Eneraqua Technologies plc, a specialist provider of energy and water
efficiency solutions, will hold its Annual General Meeting ('AGM') today at
which Guy Stenhouse, Chairman will make the following remarks:

 

"The Group has had a busy start to the new financial year.

 

"In the UK our domestic energy projects are performing as expected. The Group
has also secured and commenced work on several multi-year commercial energy
framework contracts. Under these contracts, the Group is the appointed energy
services partner for all public sector non-domestic building upgrades in those
areas for the period to 2028.

 

"Water continues to perform well with an increasing number of water and
nutrient neutrality projects secured. These types of projects are essential in
unlocking development in the 74 local authority areas so far affected by these
issues in the UK.

 

"Following the election in India, we are now progressing the next stage of
projects to further demonstrate the benefits of our technologies in municipal
housing applications.  This is being done in partnership with the relevant
State Authorities and The Environmental and Resources Institute (TERI).

 

"As is often the case on these occasions the calling of a General Election in
the UK for 4th July has had the effect of slowing decisions by certain
customers as a result of the usual Government hiatus on funding and decision
making during the election period.  This will result in the deferral of some
revenue into H2 FY25.  However, we continue to expect a high level of
activity, supported by a healthy balance sheet and a return to profit in H2
and for the full year as planned.

 

 

 For further information please contact:

 Eneraqua Technologies plc                     Via Alma

 Mitesh Dhanak, Chief Executive Officer

 Panmure Liberum (Nomad and Joint Broker)      Tel: 0203 100 2000

 Edward Mansfield

 John More

 Anake Singh

 Singer Capital Markets (Joint Broker)         Tel: 020 7496 3000

 Sandy Fraser

 Asha Chotai
 Alma Strategic Communications (Financial PR)

 Justine James                                 Tel: 020 3405 0205

 Andy Bryant                                   eneraqua@almastrategic.com

 Will Ellis Hancock

 Emma Thompson

 

 

Notes to editors

Eneraqua Technologies (AIM:ETP) is a specialist in energy and water
efficiency. The Group operates in two markets, energy and water. Energy is the
larger, with the Company focused on clients with end of life gas, oil or
electric heating and hot water systems. The Group provides turnkey retrofit
district or communal heating systems based either on high-efficiency gas or
ground/air source heat pump solutions that support Net Zero and
decarbonisation goals.

 

Water is a growing service offering focused on water efficiency upgrades for
utilities and commercial clients including hotels and care homes.

 

The Group's activities are underpinned by the Company's wholly-owned
intellectual property, the Control Flow HL2024 family of products which reduce
water wastage and improve the performance of heating and hot water systems.

 

The Group's main country of operation is the United Kingdom. The Group's head
office is based in London with additional offices in Leeds, Washington
(Sunderland), India, Spain and the Netherlands. The Group has 206 employees,
with the majority employed within the UK.

 

To find out more, please visit:  www.eneraquatechnologies.com
(http://www.eneraquatechnologies.com)

 

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