eEnergy Group Optimistic Despite H1 Challenges

eEnergy Group (GB:EAAS) has released an update.

eEnergy Group PLC has maintained its full year revenue guidance at £25-26m, despite a challenging H1 24 marked by a sale of its Energy Management Division and weak market conditions. The company reported a H1 core revenue of £6.2m and a core adjusted EBITDA loss of £(2.1)m. Strong sales pipeline growth and a £40m project funding facility with NatWest Bank, alongside a record £5.2 million solar contract, have positioned eEnergy for a stronger H2 with a robust order book expected to convert to £12.9m in revenue.

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