11th Dec 2020 16:52
Inspired Energy PLC - Lancashire-based energy procurement consultant - Sells SME division, consisting of subsidiaries Energisave Online Ltd, KwH Consulting Ltd and Simply Business Energy Ltd, for GBP10.5 million on cash free debt free basis.
SME division provides price comparison and contract arrangement services for SME consumers, which is considered by Inspired's board as a "non-core activity".
Looking ahead, due to lockdowns causing the deferral of projects, for 2020 Inspired expects underlying earnings before interest, tax, depreciation and amortisation from its continuing operations to be GBP1.2 million below current expectations.
Current stock price: 14.75 pence
Year-to-date change: down 19%
By Dayo Laniyan; [email protected]
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