Harvey Sinclair of eEnergy: 62% revenue growth & £25m record order book means significant growth for FY23
Episode 810, Jul 21, 2022, 08:12 AM
Harvey Sinclair, CEO of eEnergy Group #EAAS Follow | EAAS results show 62% topline growth, 261% EBITDA growth and a record order book of £25m meaning they are well placed to deliver significant year-on-year growth for FY23.
FY22 Highlights
- Revenues of £22 million (up 62% from £13.6 million in FY21), split between Energy Management and Energy Efficiency divisions (representing 52% and 48% respectively)
- Further progress made in complementing organic growth with strategic acquisitions, with the Group’s largest acquisition to-date, Utility
- Team, completed in H1 FY21
- Adjusted EBITDA of £3.0 million (up 261% vs. FY21)
- Significant progress with additional project funding through SUSI Partners AG and successful debt refinancing with Silicon Valley Bank in H2 FY22
- Completed commercial launch of MY ZeERO, eCharge and eSolar with demonstrated strong demand
FY23 Outlook
- Forward order book of £25.3m (up from £18.3m at 31 December 2021) across both Energy Management and Energy Services divisions:
- 88% budgeted Q1 revenues contracted as at 30 June 2022.
- 39% FY23 revenues contracted as at 30 June 2022.
- 88% budgeted Q1 revenues contracted as at 30 June 2022.
- 39% FY23 revenues contracted as at 30 June 2022.