Sabien Technology reports "broadly in line" first half
17th Mar 2025 15:09
(Alliance News) - Sabien Technology Group PLC on Monday said revenue slightly decreased and its loss slightly widened in the latest six-month period. Read More
(Alliance News) - Sabien Technology Group PLC on Monday said revenue slightly decreased and its loss slightly widened in the latest six-month period. Read More
Sabien Technology Group PLC - London-based provider of energy reduction technologies - Secures new orders totalling GBP186,243 from seven new customers signed in January. Notes the new orders have all been secured in the last three weeks, representing 26% of the firm's total revenue for the year ended June 30 2024. Adds that 87% of the new revenue was achieved through its partnership with CBRE Group Inc, and says end customers include a major pharmaceutical company, a large European bank, a global power technology provider, a London university, a healthcare manufacturer and a German performance car producer. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Thursday. Read More
(Alliance News) - Sabien Technology Group PLC on Monday said its loss narrowed during its most recent financial year despite a 35% drop in revenue, due to reduced expenses. Read More
(Alliance News) - Sabien Technology Group PLC on Monday announced a new order for gas-saving technology from a "major international transport company" which will generate revenue in the current financial year. Read More
Sabien Technology Group PLC - London-based company, focused on green technologies such as plastic-to-oil recycling and CO2 mitigation for commercial and residential boilers - Provides update regarding the related party funding announced in July. Agrees to funding arrangements with Parris Group Ltd which will ensure that the group has sufficient working capital for the next 12 months without the need for a placing, based on current sales forecast. Says loan facility announced in February has GBP100,000 remaining available to be drawn down. It is expected this will be required within the next 12 months. Further, PGL agrees to provide a facility whereby it will buy Sabien M2G and M2G cloud connect and related stock in bulk. PGL will then resell that stock to Sabien in the smaller quantities required to meet Sabien customer demand. PGL will take a 20% wholesaler mark up on the stock and be paid by Sabien once cash is collected from the end customer. PGL will take a 5% royalty on M2G sales and be paid by Sabien once cash is collected from the end customer. Read More
Sabien Technology Group PLC - London-based company, focused on green technologies such as plastic-to-oil recycling and CO2 mitigation for commercial and residential boilers - Says for the financial year ended June 30, secured orders totalling GBP700,000, down 36% from GBP1.1 million a year prior. It noted that the financial 2023 results had a significant single order of GBP700,000 from a UK government customer, whose repeat order for financial 2024 has been delayed "due to wider political events," but expects it to be confirmed later in 2024. Sabien anticipates to announce its financial 2024 results in November. It had announced its last annual results on November 2, 2023. Read More
(Alliance News) - Sabien Technology Group PLC on Monday said it demonstrated the ability to scale and scope its developments as it reported a narrowed interim loss. Read More
(Alliance News) - Sabien Technology Group PLC on Wednesday said its gas boiler energy saving solutions arm M2G has installed its Cloud Connect system at Hampton Court Palace, west London. Read More
Sabien Technology Group PLC - London-based company focused on green technologies such as plastic-to-oil recycling and CO2 mitigation for commercial and residential boilers - Ahead of its annual general meeting on Wednesday, says there was "considerable progress" in the financial year ended June 30 in its M2G boiler technology business, as well as in b.grn, the special purpose vehicle of which Sabien owns a third. "Carbon savings using M2G have almost tripled while Cloud Connect installations are now nearly twice that of a year ago. Since year end, new orders and revenue growth have extended the strongly positive trend during the last financial year," says Chair Richard Parris. Expects b.grn to contribute materially within the medium to long term. Looking ahead, says it expects to deliver on "key milestones" in financial 2024. Read More
(Alliance News) - Sabien Technology Group PLC on Thursday said it is anticipating cost cuts of up to 50% via combining three devices into one as it reported a slightly narrowed pretax loss. Read More
(Alliance News) - Sabien Technology Group PLC on Wednesday announced the start of the rollout of its M2G cloud-enabled gas boiler energy saving solution in the US. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - Sabien Technology Group PLC on Tuesday said it signed, alongside Parris Group Ltd, a second memorandum of understanding with City Oil Field Inc to restructure ownership of b.grn Group Ltd. Read More
(Alliance News) - Sabien Technology Group PLC on Monday said investee b.grn Group signed a deal to deliver a recycling project cluster plan in the Midlands. Read More
(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More