14th Mar 2023 14:20
Eneraqua Technologies PLC - London-based energy and water efficiency solutions provider - Expects revenue and profit for year ended January 31 to be well ahead of financial 2022, with revenue up 54% to GBP55 million from GBP36.2 million. Says this is behind market expectations for revenue of GBP61.3 million to GBP61.5 million. However, expects gross margin to be ahead of market expectations, and earnings before interest, tax, depreciation and amortisation to be within the range of market expectations, which the company places at GBP11.4 million to GBP12.2 million. In financial 2022, Eneraqua booked Ebitda of GBP5.6 million and adjusted Ebitda of GBP6.7 million.
Says order book has grown to a record GBP110 million, with 72% of this to be delivered in financial 2024.
Chief Executive Officer Mitesh Dhanak says: "It has once again been a record year for Eneraqua with another period of significant growth reflecting the strength of our decarbonisation and water efficiency solutions. We remain confident in the group's outlook for the year ahead."
Current stock price: 310.00 pence, down 11% on Tuesday afternoon in London
12-month change: up 14%
By Xindi Wei, Alliance News reporter
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