Inspired PLC on Wednesday said it remains confident in delivering market consensus for revenue and earnings in 2023 following ‘good progress’ in the first half of the year.

Inspired provides energy advisory and sustainability services to businesses in the UK and Ireland. It is based in Preston, England.

The company said it expects to report ‘robust’ results for the first half of the year amid ‘good progress’ and momentum across the first and second quarters.

‘Each of the group’s four divisions are trading well, with Optimisation and ESG delivering particularly strong revenue growth. Optimisation continues to benefit from cross-selling and a strong step-up in demand, with clients focussing on the beneficial impacts of energy reduction and delivering net-zero. ESG has delivered another exceptional performance, with good progress increasing the lifetime value of existing clients and adding new clients to the group,’ the company said.

As a result of this first-half performance, Inspired said it is confident in delivering market expectations for the full-year.

Inspired said consensus forecasts for 2023 see revenue at £110.5 million and adjusted earnings before interest, tax, depreciation and amortization at £24.2 million.

In 2022, revenue totalled £88.8 million and adjusted Ebitda came in at £21.0 million.

‘We are better placed than ever as a full-service provider, reflected in the growth we are seeing in the Optimisation Services and ESG divisions in particular. We head into [the second half] with a strong pipeline and a growing orderbook, underpinning our confidence for the full year and beyond,’ commented Chief Executive Mark Dickinson.

Inspired will publish its half-year results on September 11.

Shares in the firm were up 4.4% at 94.00 pence on Wednesday morning in London.

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