Business
New Contract Win
New Contract Win.
About this update from Eenergy Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3517F\n eEnergy Group PLC\n 16 November 2020\n \n \n \n \n 16 November 2020\n \n \n eEnergy Group plc\n \n \n (\"eEnergy\" or \"the Group\")\n \n \n \n \n \n New Contract Win\n \n \n \n \n \n The Board of eEnergy Group plc (AIM: EAAS), a leading \"Energy Efficiency-as-a-Service\" (EEaaS) business in the UK and Ireland, is pleased to announce its largest ever single contract.\n \n \n \n \n \n The Group's subsidiary, eLight U.K, secured the £1m contract to install LED Lighting at four schools for a UK multi-academy trust. The revenue will be recognised as the projects are installed, which is expected to be completed by 31 December 2020. \n \n \n \n \n \n This contract win further underpins the Board's revenue growth expectations for the current financial year to 30 June 2021, and the Board continues to expect the Group to achieve breakeven profit after tax (before exceptional items) for the six months ended 31 December 2020. \n \n \n Harvey Sinclair, CEO of eEnergy, commented:\n \n \n \"We are delighted to have secured our largest contract win to date. In addition to the strong momentum experienced in the first quarter, this new contract further underpins the Board's revenue expectations for the full year to 30 June 2021 and reinforces our position as the leading provider to the UK education sector. Given their low level of conversion to LED lighting, schools continue to represent a substantial growth opportunity for eEnergy.\"\n \n \n \n \n \n This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.\n \n \n Contacts:\n \n \n \n \n \n eEnergy Group plc\n \n \n \n \n Tel: +44 20 7078 9564\n \n \n \n \n \n \n Harvey Sinclair, Chief Executive Officer\n \n \n \n \n \n \n [email protected]; www.eenergyplc.com\n \n \n \n \n \n \n \n \n \n N+1 Singer\n \n \n (Nominated Adviser and Joint Broker)\n \n \n \n \n Tel: +44 20 7496 3000\n \n \n \n \n \n \n Mark Taylor / Justin McKeegan / Carlo Spingardi (Corporate Finance)\n \n \n Tom Salvesen (Corporate Broking)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Turner Pope Investments\n \n (Joint Broker)\n \n \n \n \n Tel: +44 20 3657 0050\n \n \n \n \n \n \n Andy Thacker / Zoe Alexander\n \n \n \n \n \n \n [email protected]\n \n \n \n \n \n Newgate Co...