Utilitywise plc Notice of final results (4781T)

TIDMUTW

RNS Number : 4781T

Utilitywise plc

12 October 2017

12 October 2017

Utilitywise plc

("Utilitywise" or the "Group")

Notice of final results

Utilitywise, the leading independent utility cost management consultancy, announces that it expects to announce its full year results on 21 November 2017.

On 31 July 2017, the Group announced its intention to implement IFRS 15 (Revenue from Contracts with Customers) one year ahead of schedule, in accordance with the early-adoption provisions of that new standard. In addition, the Group confirmed that it would publish its results for the year to 31 July 2017 under the existing accounting standard, IAS 18 (Revenue), but would also include a reconciliation of the results to the equivalent position presented in accordance with IFRS 15.

As a result of the additional work required to complete this exercise, along with certain additional detailed work being carried out in respect of the Group's estimates relating to energy consumption across its portfolio of energy contracts, the Group's year-end external audit process is now expected to take longer to complete than in previous years. Accordingly, it is now expected that this work will be completed by 20 November 2017, enabling announcement of the Group's audited results on 21 November 2017.

For further information

 
 Utilitywise plc                           0330 303 0233 
 Brendan Flattery (CEO) 
 Richard Laker (CFO) 
 
 
 finnCap (NOMAD and broker)                020 7220 0500 
 Matt Goode / Henrik Persson (Corporate 
  Finance) 
 Simon Johnson (Corporate Broking) 
 
  Liberum (Joint broker)                     020 3100 2000 
 Robert Morton / Steve Pearce 
 Redleaf Communications                    020 7382 4747 
 Robin Tozer / Elisabeth Cowell 
 

Utilitywise is a leading independent utility cost management consultancy, which has established trading relationships with a number of major UK and European energy suppliers and provides services to its customers designed to assist them in achieving better value out of their energy contracts, reduced energy consumption and lower carbon footprint.

Utilitywise is a UK company quoted on the AIM market of the London Stock Exchange. For more information, please visit www.utilitywise.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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October 12, 2017 09:45 ET (13:45 GMT)