Utilitywise plc Trading Statement (2533Z)

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RNS Number : 2533Z

Utilitywise plc

05 February 2014

5 February 2014

Utilitywise plc

("Utilitywise" or the "Company")

Trading Update

Utilitywise plc (AIM:UTW), the leading independent utility cost management consultancy, today provides an update on trading for the six months ended 31 January 2014.

The Board is pleased to announce that the Company has performed slightly ahead of management expectations for both revenue and adjusted profit before tax in the period. As at 31 January 2014, the value of contracts secured but not yet live stood at a record GBP23.8 million from GBP18.2 million as at 30 September 2013 (31 July 2013: GBP16.6 million).

Geoff Thompson, Chief Executive of Utilitywise, commented: "The Company has performed well in the first half of the year, with a significant increase in both revenue and adjusted profit before tax on the previous year. We look forward to the remainder of the year with confidence".

Notice of Results

Utilitywise will announce interim results for the six months ended 31 January 2014 on Tuesday, 29th April 2014.

For further information:

 
 Utilitywise plc                                     0870 626 0559 
 Geoff Thompson (CEO) 
  Andrew Richardson (CFO) 
 
 finnCap (NOMAD and broker)                          020 7220 0500 
 Matt Goode / Charlotte Stranner / Henrik Persson 
  (Corporate Finance) 
 Simon Johnson (Corporate Broking) 
 
 Newgate Threadneedle                                020 7653 9850 
 Josh Royston / John Coles / Hilary Millar 
 

About Utilitywise

Utilitywise is a leading independent utility cost management consultancy based in South Shields, Tyne and Wear with offices in Portsmouth, Redditch, Leicester and Bury St Edmunds. The company has established trading relationships with a number of major UK 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.

Businesses large and small rely on Utilitywise for their energy management needs. Clients range in size from single site SME's to multinationals with thousands of sites and cover the whole of the UK. In total, Utilitywise manages over 67,000 energy meters which have an overall energy consumption of approaching 16 terra watt hours per annum.

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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