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FLOW Flowgroup

0.0145
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Flowgroup LSE:FLOW London Ordinary Share GB00B19H7076 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0145 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Flowgroup plc Flow Energy update (9388K)

06/01/2016 7:00am

UK Regulatory


Flowgroup Plc (LSE:FLOW)
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RNS Number : 9388K

Flowgroup plc

06 January 2016

06 January 2016

Flowgroup plc

("Flowgroup" or the "Company")

Flow Energy update

Flowgroup plc (AIM: FLOW), which provides a range of innovative energy technologies, energy supply and energy services, provides an update on its Flow Energy business. As previously announced on 28 September 2015 in the Company's interim results for the six months ended 30 June 2015, the Company was targeting 100,000 energy customer accounts by the end of 2015. The Company is pleased to announce that this target was exceeded.

The Company expects its preliminary results for the year ended 31 December 2015 to be released in April 2016 and that these results are expected to be in line with market expectations. On 9 December 2015, the Company was pleased to announce a contract with Shell for the provision of wholesale energy. As a result, the Company was able to conclude its previous energy supply agreement and release cash previously restricted and held as collateral for energy customers. The resulting closing cash balance as at 31 December 2015 was GBP18.8 million.

The Company also notes that its Flow boiler was launched for sale earlier this month with customers being able to place orders, subject to survey, through its Flow Energy website at www.flowenergy.uk.com. The Company will provide further updates on its Flow boiler business in due course.

 
 Flowgroup plc                                 www.flowgroup.uk.com 
 Tony Stiff, Group Chief Executive              Tel: +44 (0)20 3137 
  Officer                                                      4525 
 Nigel Canham, Chief Financial 
  Officer 
 
 Cenkos Securities plc (NOMAD                   Tel: +44 (0)20 7397 
  and Broker)                                                  8900 
 Stephen Keys / Christopher 
  Golden (Corporate Finance) 
 Julian Morse (Sales) 
 
 Walbrook PR Ltd (Media                    Tel: +44 (0)20 7933 8780 
  Relations)                            or flowgroup@walbrookpr.com 
 Paul McManus                                  Mob: +44 (0)7980 541 
                                                                893 
 Nick Rome                                     Mob: +44 (0)7748 325 
                                                                236 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCUVSKRNOAARAR

(END) Dow Jones Newswires

January 06, 2016 02:00 ET (07:00 GMT)

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