Energy One Grows Revenues and Posts Profits

Energy One Limited is the leading supplier of software and services to the wholesale energy market in Australia offering a range of products including ETRM solutions. It also acquired UK-based ETRM supplier Contigo late last year and now offers similar products and service across the UK and Europe via Contigo. The Group now has more than 190 installations in 11 different countries. In its preliminary financial reports filed with ASX in Australia, the company reported revenues of just over $AUS 16 million, up 62%. Additionally, it reported an EBITDA up 54% and net profits before income tax up 20%. The results included a 7-month contribution from the Contigo acquisition, according to CEO, Mr. Shaun Ankers, 70% of revenues were recurring revenues. Other highlights of the report include the acquisition of 2 new customers for its Australian EOL trading platform and strong performance for its pypIT product in those markets. Contigo posted revenues of %AUS 4.5m over the 7-months acquiring 5 new clients in the UK, Scandinavia and central Europe. The outlook looks good according to Mr. Ankers as a lot of integration and other work around the acquisition has now been completed and he notes the presence of “tangible cross… continue reading
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