REG - Inspired PLC - Notice of Results and Trading Update

InspiredAnnouncement

30/01/2025 07:00

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RNS Number : 1905V  Inspired PLC  30 January 2025

 

 

30 January 2025

Inspired PLC

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

 

Notice of Results and Confirmation of FY24 Performance

 

Inspired (AIM: INSE), the UKs leading energy and sustainability advisor,
announces that, further to its full year trading update on 2 December 2024
(the "December Update"), it expects to announce its audited full year results
to 31 December 2024 ("FY24") on 31 March 2025.

 

The Group confirms in respect of FY24 that it expects to report results in
line with revised guidance set out in the December Update and market
expectations:

 

 ·         Revenue of c.£94.0m (FY23: £98.8m)
 ·         Group Adjusted EBITDA* of £23.0m (FY23: £25.2m)
 ·         Group Adjusted PBT** in line with market expectations
 ·         Cash Conversion*** in FY24 was c.90% (FY23: 70%)
 ·         Following completion of the c.£26.7m fundraising in January, the Company is
           on track to achieve a consolidated net debt/EBITDA ratio towards 1:1 (on a LTM
           basis) by the end of FY25 or earlier

 

The FY25 financial year has started well and in line with management's
expectations. The three significant Optimisation Projects referred to in the
December Update have commenced and are on track for delivery in H1 2025 as
anticipated.

 

Mark Dickinson, CEO of Inspired said: "The Group is now better placed than
ever to deliver as a full-service provider of sustainability solutions for our
customers. As we enter FY25, our strong start and solid financial position set
the stage for continued growth. With our strong business pipeline, the three
significant Optimisation projects progressing well and with a strengthened
balance sheet, we have the ability to reduce leverage and capitalise on the
significant organic growth opportunities, in our growing addressable market.

 

"Our confidence is underpinned by a record pipeline and the growing momentum
we are seeing across our four divisions supported by a need for companies to
reduce energy costs, consumption and carbon emissions in an increasingly
complex regulatory environment. We are focused on building on the momentum we
are seeing and delivering on our strategic objectives in FY25 and beyond."

 

* Adjusted EBITDA is earnings before interest, taxation, depreciation and
amortisation, excluding exceptional non-recurring items and share-based
payments.

**Adjusted profit before tax is earnings before tax, amortisation of
intangible assets (excluding internally generated amortisation related to
computer software and customer databases), exceptional items, share-based
payments, the change in fair value of contingent consideration and foreign
exchange gains/(losses).

***Cash Conversion is cash generated from operations, as adjusted to exclude
exceptional non-recurring items, as a percentage of Adjusted EBITDA.

 

 

Enquiries

 

For further information, please contact:

 

 Inspired PLC                               www.inspiredplc.co.uk
                                            (https://url.avanan.click/v2/___http:/www.inspiredplc.co.uk___.YXAxZTpzaG9yZWNhcDphOm86MTQ4MGU4MDI4YzUzNmI1MWEwYTExNTk0NWJkMzhlMGI6NjphNDdlOmQ5NTk3YTRjMDgxZDMyYWY5NzA2MzMwZGUxMzQ3OTQ0MTA5YTJkMDlkMzBjZGNlYjY5OTQxODM5NTkyZGUxMjc6cDpGOk4)
 Mark Dickinson, Chief Executive Officer    +44 (0) 1772 689 250
 Paul Connor, Chief Financial Officer
 David Cockshott, Chief Commercial Officer

 Shore Capital (Nomad and Joint Broker)     +44 (0) 20 7408 4090
 Patrick Castle

 James Thomas

 Sophie Collins

 Panmure Liberum (Joint Broker)             +44 (0) 20 3100 2000

 Edward Mansfield

 Satbir Kler

 Joshua Borlant

 Alma Strategic Communications              +44 (0) 20 3405 0205
 Justine James                              +44 (0) 7525 324431

 Hannah Campbell                            Inspired@almastrategic.com

 Will Ellis Hancock

 

 

 

 

 

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