Inspired Energy expects 22% profits growth

30th Jan 2019 08:35

(Sharecast News) - Energy procurement consultant Inspired Energy expects to turn in "another strong set of results" from its recently wrapped up trading year.Inspired Energy told investors on Wednesday that it had delivered growth in revenues, profits and cash generation in the year ended 31 December.Revenues were tapped to have moved ahead 21% year-on-year, while pre-tax profits and cash generation were projected to be up 22% and 37%, respectively.Inspired also revealed that its year-end procurement corporate order book had shot up 36% to £53m.Chief executive Mark Dickinson said: "Inspired Energy had an excellent 2018 and I am confident that 2019 will be another year of significant progress for the group with trading in line with expectations.""We remain focused on delivering our core financial, operational and strategic objectives, whilst simultaneously broadening the service offering for our clients, to help them to optimise the value of every pound spent on utilities."As of 0835 GMT, Inspired shares had climbed 4.60% to 17.99p.