ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

GOOD Good Energy Group Plc

260.00
15.00 (6.12%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Good Energy Group Plc LSE:GOOD London Ordinary Share GB0033600353 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  15.00 6.12% 260.00 260.00 266.00 263.00 244.00 245.00 106,408 16:35:05
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electric Services 248.68M 9.23M 0.5555 4.73 43.68M

Good Energy Group PLC Trading Update (4923I)

02/12/2022 3:28pm

UK Regulatory


Good Energy (LSE:GOOD)
Historical Stock Chart


From Mar 2022 to Mar 2024

Click Here for more Good Energy Charts.

TIDMGOOD

RNS Number : 4923I

Good Energy Group PLC

02 December 2022

Good Energy Group PLC

("Good Energy" or "the Company")

Trading Update

Good Energy Group PLC (AIM: GOOD), the 100% renewable electricity supplier and energy services provider, is pleased to provide the following trading update for the year ending 31 December 2022.

The Company's trading to the end of October has been in line with expectations. Conditions through the early winter have been generally mild and windy, which has reduced domestic gas consumption and softened short term market prices.

Risk management actions taken to manage the volatility experienced in the wholesale energy markets throughout 2022 have been successful to date. If these prevailing market conditions continue for the remainder of the year, Good Energy is confident in delivering in line with the Board's expectations for the full year. The Company is 100% hedged on power and gas for the remainder of this 2022/2023 winter, based on seasonal normal conditions.

Good Energy's balance sheet remains robust with cash and cash equivalents as at the end of October of GBP21.2m.

Nigel Pocklington, Chief Executive Officer of Good Energy, said:

"Against a challenging market and macroeconomic backdrop, we are pleased to report that we are delivering in line with expectations, remaining substantially debt free with a robust balance sheet. We have also continued to execute on our growth strategy, taking tangible steps to invest in our future and to build out our decentralised energy services, and we remain confident that we will deliver in line with the Board's expectations for the full year.

"Whilst the war in Ukraine and resultant energy crisis remains, demand for clean energy products continues to soar as customers look for way to cut costs and gain control of their energy. Our mission to help one million homes and businesses cut carbon from their energy and transport use by 2025 remains on track."

Enquiries

 
 Good Energy Group PLC                   Email: press@goodenergy.co.uk 
  Nigel Pocklington, Chief Executive 
  Charlie Parry, Head of Investor 
  Relations & CoSec 
  Luke Bigwood, Head of Communications 
 
 SEC Newgate UK                          Email: GoodEnergy@secnewgate.co.uk 
 Elisabeth Cowell / Molly Gretton        Tel: +44 (0)7900 248213 
 
 
 Investec Bank plc (Nominated Adviser    Tel: +44 (0) 20 7597 5970 
  and Joint Broker) 
 Sara Hale / Jeremy Ellis 
 
                                           Tel: +44 (0) 20 7523 4617 
 Canaccord Genuity Limited (Joint 
  Broker) 
  Henry Fitzgerald - O'Connor 
 

About Good Energy www.goodenergy.co.uk

Good Energy is a generator and supplier of 100% renewable power and an innovator in energy services. It currently owns two wind farms, six solar farms and sources electricity from a community of 1,600 independent UK generators.

Since it was founded 20 years ago, the company has been at the forefront of the charge towards a cleaner, distributed energy system. Its mission is to support UK households and businesses generate, store and share clean power.

Good Energy is recognised as a leader in this market, through our green kite accreditation with the London Stock Exchange and as the only energy supplier with Gold Standard Uswitch Green Tariff Accreditation for all tariffs.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

TSTBKBBBPBDDPBK

(END) Dow Jones Newswires

December 02, 2022 10:28 ET (15:28 GMT)

1 Year Good Energy Chart

1 Year Good Energy Chart

1 Month Good Energy Chart

1 Month Good Energy Chart

Your Recent History

Delayed Upgrade Clock