TIDMUTW

RNS Number : 6435K

Utilitywise plc

01 August 2013

1 August 2013

Utilitywise plc

("Utilitywise", the "Company" or the "Group")

Pre-close Trading Statement

Utilitywise PLC (AIM:UTW), a leading independent utility cost management consultancy, is pleased to provide a trading update for its financial year ended 31 July 2013.

Revenue for the full year is expected to be broadly in line and adjusted profit before tax is anticipated to be in line with market expectations. Net cash balances at 31 July are expected to be approximately GBP3.7 million with the value of contracts secured but not yet live standing at GBP16.6 million.

Trading remains strong and the Board is confident in the Company's ability to deliver continued organic growth. Following the recent acquisition of Energy Information Centre (EIC) on 3 July, positive progress has been made on the integration of the business. Since completion of the acquisition two major contracts have been won for large users of energy, as a result of the Group's ability to bring energy reduction measures to its customers alongside a risk managed approach to procurement.

Utilitywise expects to announce its full year results to 31(st) July, in the third week of October 2013.

Geoff Thompson, CEO of Utilitywise, commented: "I am delighted that we are continuing to achieve strong organic growth of both revenue and profits. Since listing on AIM in June last year we have made a number of acquisitions which have complemented our range of products and services. The recent acquisition of Energy Information Centre which provides us with a strong position in the Industrial & Commercial market, is already achieving good progress and the integration is proceeding well."

For further information:

 
     Utilitywise PLC                                         0870 626 0559 
     Geoff Thompson, CEO 
 
     finnCap (NOMAD and broker)                              020 7220 0500 
     Matt Goode / Charlotte Stranner / Henrik Persson 
      (Corporate Finance) 
     Simon Johnson (Corporate Broking) 
 
     Newgate Threadneedle                                    020 7653 9850 
     Josh Royston / John Coles / Hilary Millar

About Utilitywise

Utilitywise is a leading independent utility cost management consultancy based in South Shields, Tyne and Wear with offices in Portsmouth, Redditch, Leicester and Bury St Edmunds. The company has established trading relationships with a number of major UK energy suppliers and provides services to its customers designed to assist them in achieving better value out of their energy contracts, reduced energy consumption and lower carbon footprint.

Businesses large and small rely on Utilitywise for their energy management needs. Clients range in size from single site SME's to multinationals with thousands of sites and cover the whole of the UK. In total, Utilitywise manages over 58,500 energy meters which have an overall energy consumption of approaching 16 terra watt hours per annum.

Utilitywise is a UK company quoted on the AIM market of the London Stock Exchange. For more information, please visit www.utilitywise.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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