The consultant’s ESG item has strike a revenue focus on and management sees a positive marketplace backdrop likely ahead.
() told investors trading is in line with expectations and regular with its Coronavirus (COVID-19) assumptions.
The strength procurement consultant added management is energized by the potential customers of its just lately released ESG disclosure item which strike revenue targets in advance of anticipations.
The necessity for companies to make required ESG disclosures in 2022 gives a favourable back again fall for the enterprise, the corporation explained.
In outcomes for the twelve months ended December 31, gross gain was £38.9mln (2019: £39mln) on £46.1mln of revenue from continuing operations (2019: £43.7mln).
Earnings (altered EBITDA) were being stated at £12.8mln (2019: £16.9mln) and the corporation built a £4.54mln pre-tax loss (2019: £3.08mln gain).
It generated some £11.6mln of funds from operations and it is to pay back a 12p for every share dividend.
“Even though 2020 clearly offered hard promoting conditions, the team achieved sizeable strategic milestones even though remaining worthwhile and funds generative and running an powerful response to the world pandemic,” said Mark Dickinson, chief executive.
“Looking at the yr to date, the enterprise is performing in line with anticipations and continually with our assumptions with regard to the world pandemic. Even though the pitfalls connected with the pandemic must not be discounted, we are energized by opportunity for the enterprise to bounce back again.”
The corporation also famous that it will be renamed Motivated Plc, at its AGM in June, which will far better reflect its progressed enterprise.
Dickinson explained the corporation as now staying “a technology enabled provider provider” with “the market place primary placement for strength procurement, utility price tag optimisation and sustainability improvement in the Uk and Ireland.”