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Inspired PLC (LSE:INSE), a leading commercial energy and sustainability advisory group, has announced a record order pipeline at the end of the first half of the year, bolstering confidence in future performance. The company has demonstrated robust performance for the six months ended June 30, which supports its outlook for 2024.
During this period, Inspired PLC achieved revenues of £45.02 million, marking a 1% increase compared to the same period last year. Underlying earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 3.5%, reaching £10.94 million. A dividend of 1.45p per share has been declared, representing a 3.6% increase from the previous year.
The company has accelerated the integration of energy management solutions firm Ignite, which is expected to contribute to its growth and operational efficiency. CEO Mark Dickinson noted that the record pipeline, characterized by both the scale and number of projects, provides a solid foundation for performance into 2025. The focus remains on enhancing and diversifying the pipeline within Optimisation Services through the successful integration of Inspired Optimisation and Ignite.
This strategic focus aligns with Inspired PLC's broader goal of expanding its service offerings and improving operational performance. The management's efforts in integrating the new acquisitions and optimizing existing services underscore the company's commitment to driving sustainable growth and delivering value.
