Tillkännagivande • Apr 10
Good Energy Announces Cancellation of the Admission to Trading of its Shares on AIM Effective April 10, 2025 On 27 January 2025, the boards of Good Energy Group plc (‘Good Energy’) and Esyasoft Investment Holding RSC Limited (‘Esyasoft’) announced that they had reached agreement on the terms of a recommended all cash acquisition of the entire issued and to be issued ordinary share capital of Good Energy (the ‘Acquisition’). On 7 April 2025, Good Energy announced that the High Court of England and Wales had made an order sanctioning the Scheme under section 899 of the Companies Act at the Court Hearing held on that day. Good Energy and Esyasoft announced that, following the delivery of a copy of the Court Order to the Registrar of Companies, the Scheme has now become Effective in accordance with its terms. As previously advised, Good Energy Shares were suspended from trading on AIM at 7:30 a.m. 9 April 2025. Following the application to the London Stock Exchange, the cancellation of the admission to trading of Good Energy Shares on AIM is expected to take effect at 7:00 a.m. on 10 April 2025. Reported Earnings • Mar 29
Full year 2024 earnings released: EPS: UK£0.26 (vs UK£0.17 in FY 2023) Full year 2024 results: EPS: UK£0.26 (up from UK£0.17 in FY 2023). Revenue: UK£180.1m (down 29% from FY 2023). Net income: UK£4.75m (up 65% from FY 2023). Profit margin: 2.6% (up from 1.1% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 3.7% decline forecast for the Renewable Energy industry in Germany. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Tillkännagivande • Nov 26
Good Energy Group Announces Extension of PUSU Deadline On 28 October 2024, the board of directors of Good Energy Group PLC (the ‘Board’) announced that it had received an indicative, non-binding proposal from Esyasoft Holding Limited (‘Esyasoft’) relating to a possible offer for the entire issued and to be issued share capital of the Company. In order to allow further time for Esyasoft to progress its due diligence exercise, the Company has requested that the Panel on Takeovers and Mergers (the ‘Panel’) extends the current deadline of 5.00 pm on 25 November 2024 by which time Esyasoft must, in accordance with Rule 2.6(a) of the Code, either announce a firm intention to make an offer for the Company under Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies (the ‘PUSU Deadline’). In the light of this request, an extension has been granted by the Panel and, in accordance with Rule 2.6(a) of the Code, Esyasoft is required, by not later than 5.00 pm on 23 December 2024, to either announce a firm intention to make an offer in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This revised PUSU Deadline may be extended with the consent of the Panel, at Good Energy's request, in accordance with Rule 2.6(c) of the Code. There can be no certainty that an offer will be made. Tillkännagivande • Nov 11
Good Energy Group plc Announces Executive and Board Changes Good Energy Group PLC appointed Carl Hogg as Services Managing Director. Carl will oversee Good Energy's services business, leading operations across all five acquired entities to manage integration, drive growth, and ensure a cohesive customer experience across the Good Energy group. Carl has over 15 years of experience in operational leadership overseeing large, complex services businesses. He will join Good Energy from Johnson Controls where, in his role as Group Services Director, he held responsibility for service delivery and excellence across the UK and Ireland for building technology and solutions. In this role, he has contributed to double digit growth through improved strategy and customer experience. Prior to this, he worked in the telecoms industry at BT and then Openreach, starting as an apprentice engineer and advancing to senior roles, overseeing field engineering teams and contact centres globally. In addition, Good Energy has appointed Ryan McShea to the role of Business Development Director, Commercial Solar. Ryan will lead solar installation sales for Good Energy in the commercial sector, targeting customers from small-to-medium enterprises to large corporations and local authorities. A fully qualified electrician, Ryan founded Empower Energy, which was recently acquired by Good Energy, in 2010. Empower Energy is his third business, he built the company's strong reputation in the commercial solar market overseeing the installation of over 35MW and revenue growth to £10.1m in the year ending 31 August 2024. Tillkännagivande • Oct 29
Good Energy Gets Takeover Approach from UAE-Linked Firm A company with links to the United Arab Emirates’ royals has approached UK electricity supplier Good Energy Group PLC (AIM:GOOD) about a potential takeover attempt. Dubai-based Esyasoft Holding Ltd. told bosses at Good Energy that it is weighing an offer on 25 October 2024, in what the British firm described as an “unsolicited” advance in a 28 October 2024 announcement. Previous stock exchange filings indicate it is controlled by the Abu Dhabi International Holding Company (IHC), whose Chairman is Sheikh Tahnoun bin Zayed Al Nahyan, the son of the UAE’s founder and part of the Abu Dhabi ruling dynasty. It is not one of the so-called Big Six major power suppliers, but directors were included in industry-wide talks with Labour’s energy consumers minister Miatta Fahnbulleh at the end of August about how firms can support bill payers. Good Energy’s board is “evaluating” the potential approach, the firm said on 28 October 2024, with “no certainty” that an offer will ultimately be made. Esyasoft now has until November 25 to table a bid. Nigel Pocklington, Chief Executive Officer of Good Energy, said business customers are “increasingly recognising that the commercial rationale for installing solar is strong, even before you consider the associated benefits of carbon reduction”. Esyasoft was approached for comment. Tillkännagivande • Oct 28
Good Energy Group PLC (AIM:GOOD) entered into a conditional binding agreement to acquire Empower Energy Limited for £8 million. Good Energy Group PLC (AIM:GOOD) entered into a conditional binding agreement to acquire Empower Energy Limited for £8 million on October 28, 2024. As part of the acquisition, Good Energy Group PLC will acquire 100% of the issued share capital of Empower on a debt-free, cash-free, basis. The consideration consists of £6.25 million in cash, issue of 254,237 new ordinary shares of Good Energy and £1 million is payable in cash in January 2026, subject to certain retention arrangements relating to Ryan McShea, Founder and Managing Director of Empower. The Acquisition will be funded from Good Energy's existing resources whilst retaining a healthy cash balance to support the continued organic growth of the Group. For the period ending August 31, 2024, Empower Energy Limited reported total revenue of £10.1 million and profit before tax of £1.8 million.
Henry Fitzgerald-O'Connor and Harry Rees of Cannacord Genuity Group acted as financial advisor to Good Energy Group PLC. Tillkännagivande • Oct 16
Good Energy Group PLC Launches New REGO Service for FIT Generators Good Energy Group PLC announced that it is building on its support for small scale solar generators by launching a brand new service to Feed-in-Tariff (FIT) generators to register them for Renewable Energy Guarantees of Origin (REGOs). The service will enable FIT microgenerators to be recognised as producing renewable electricity for the first time since the inception of the scheme in 2010. Good Energy will pay opted-in FIT customers for their REGOs, boosting their earning potential by up to 9%. REGOs are issued by Ofgem to certify that electricity has been produced by a renewable source. However the process of applying for and managing REGOs is complex and can be time consuming, making it unsuitable for FIT generators who are frequently not energy experts. Good Energy has worked with Ofgem to design a new FIT REGO Boost service which streamlines the registration process for FIT generators. FIT REGO Boost, open to participants of the FIT scheme which closed to new entrants in 2019, is the latest development in Good Energy's offering to microgenerators. The Company has over 180,000 FiT customers, making it the largest voluntary administrator of the scheme. Good Energy continues to innovate in its support for FIT customers, including having switched more than 55,000 FIT customers to smart export. Smart export increases FIT generators' earning potential to match what they actually share with the grid, rather than the deemed 50% originally set under the scheme. Good Energy's analysis has shown that on average, FIT generators share 60% of what they generate back to the grid. Together with smart export, FIT REGO Boost paves the way for Good Energy to match the power its generator customers share to the grid with the customers it provides energy to in future - a major innovation in decentralised energy. Tillkännagivande • Oct 06
Good Energy Group PLC (AIM:GOOD) acquired Amelio Enterprises Limited £6 million. Good Energy Group PLC (AIM:GOOD) acquired Amelio Enterprises Limited £6 million on October 4, 2024. Good Energy has acquired 100% of the issued share capital of Amelio Solar on a debt-free, cash-free, basis for an initial consideration of £5.5 million, payable in cash upon completion. Further deferred consideration of up to £0.5 million may become payable in cash in the first quarter of 2025, subject to Amelio Solar achieving gross profit targets for the year ending 31 December 2024. The Acquisition will be funded from Good Energy's existing resources whilst retaining sufficient balance sheet flexibility to further pursue our strategy. Richard Jones, Amelio Solar founder and Solar Energy UK board member, will remain employed to support the post-acquisition transition and integration period.
For the period ending December 31, 2023, Amelio Enterprises Limited reported total revenue of £7.1 million.
Good Energy Group PLC (AIM:GOOD) completed the acquisition of Amelio Enterprises Limited on October 4, 2024. Reported Earnings • Sep 23
First half 2024 earnings released: EPS: UK£0.16 (vs UK£0.72 in 1H 2023) First half 2024 results: EPS: UK£0.16 (down from UK£0.72 in 1H 2023). Revenue: UK£97.4m (down 38% from 1H 2023). Net income: UK£2.62m (down 78% from 1H 2023). Profit margin: 2.7% (down from 7.7% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Renewable Energy industry in Germany. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Declared Dividend • Sep 19
First half dividend of UK£0.011 announced Shareholders will receive a dividend of UK£0.011. Ex-date: 26th September 2024 Payment date: 25th October 2024 Dividend yield will be 1.3%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (6% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Tillkännagivande • Sep 17
Good Energy Group plc Announces Interim Dividend for the Period to 30 June 2024, Payable on 25 October 2024 Good Energy Group PLC recommended a interim dividend of 1.10p per ordinary share for the period to 30 June 2024, as set out in the Company's results on 17 September 2024. The dividend is payable on 25 October 2024 to shareholders whose names are on the register at close of business on 27 September 2024. The shares will trade ex-dividend from 26 September 2024. Tillkännagivande • Sep 02
Good Energy Group PLC Launches New Electricity Tariff for EV Drivers Good Energy Group PLC has launched a new electricity tariff for EV drivers, offering the lowest off-peak rate available on the market. Good Energy EV Charge is fixed until September 2025, and offers five hours of off-peak charging between midnight and 5am for just 6.75p per kWh. The off-peak rate encourages customers to charge at night when demand for electricity from the grid is lowest, but like all Good Energy tariffs, it is fully backed with power procured from its community of over 2,500 renewable generators. In addition to the low-cost off-peak rate, Good Energy EV Charge offers customers a competitive peak rate of 28.62p per kWh and additional value through a premium subscription to Zapmap. Zapmap is the UK's go-to app for public EV charging, helping drivers search, plan and pay for charging when they are on the go. The premium subscription includes advanced route planning and in-car support via Android Auto and Apple Car play. To be eligible, customers must be on an existing Good Energy tariff - new customers can switch to the suppliers' standard tariff before moving onto the EV tariff. They must also have a working smart meter sending half hourly readings, pay via direct debit and opt for an online paperless account. New Risk • Jul 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Profit margins are more than 30% lower than last year (1.1% net profit margin). Shareholders have been diluted in the past year (8.6% increase in shares outstanding). Market cap is less than US$100m (€60.1m market cap, or US$65.2m). Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €3.56, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the Renewable Energy industry in Europe. Total loss to shareholders of 1.5% over the past three years. Tillkännagivande • Jul 03
Good Energy Launches New Fixed EV Tariff Good Energy Group PLC has launched a new fixed tariff to help EV drivers charge vehicles both at home and on the go. The tariff offers a market-leading rate of just 7.4p per kWh for overnight charging during a five-hour window, ensuring EV drivers can charge up with 100% truly renewable electricity at home. The tariff also comes with a free premium subscription to Zapmap, the go-to app for EV drivers helping them to search, plan, and pay for public charging. Zapmap, which Good Energy is a long-term partner of and largest investor in, is the UK's leading EV charging app with over a million downloads, tracking more than 60,000 charge points with more than 70% providing live data for costs and availability. In addition, a survey by Zapmap found that EV drivers are more likely to have solar panels, heat pumps and batteries installed, all installation services offered by Good Energy. Tillkännagivande • Jun 21
Good Energy Group PLC to Report First Half, 2024 Results on Sep 17, 2024 Good Energy Group PLC announced that they will report first half, 2024 results on Sep 17, 2024 Board Change • Jun 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. COO & Director Francoise Woodward was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • May 23
Good Energy Group PLC, Annual General Meeting, Jun 20, 2024 Good Energy Group PLC, Annual General Meeting, Jun 20, 2024. Location: monkton park offices, monkton park, wiltshire, sn15 1gh, chippenham United Kingdom Declared Dividend • May 23
Final dividend of UK£0.022 announced Shareholders will receive a dividend of UK£0.022. Ex-date: 6th June 2024 Payment date: 11th July 2024 Dividend yield will be 1.2%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (3% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 209% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 27
Full year 2023 earnings released: EPS: UK£0.17 (vs UK£0.55 in FY 2022) Full year 2023 results: EPS: UK£0.17 (down from UK£0.55 in FY 2022). Revenue: UK£254.7m (up 2.4% from FY 2022). Net income: UK£2.88m (down 69% from FY 2022). Profit margin: 1.1% (down from 3.7% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Renewable Energy industry in Germany. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €3.48, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 18x in the Renewable Energy industry in Germany. Total returns to shareholders of 40% over the past three years. Tillkännagivande • Mar 06
Good Energy Group PLC to Report Fiscal Year 2023 Results on Mar 26, 2024 Good Energy Group PLC announced that they will report fiscal year 2023 results on Mar 26, 2024 Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €3.20, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 18x in the Renewable Energy industry in Germany. Total returns to shareholders of 57% over the past three years. New Risk • Feb 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings are forecast to decline by an average of 7.6% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (9.2% increase in shares outstanding). Market cap is less than US$100m (€51.3m market cap, or US$55.2m). Tillkännagivande • Feb 12
Good Energy Group PLC (AIM:GOOD) entered into a conditional binding agreement to acquire Jps Renewable Energy Ltd £14.1 million. Good Energy Group PLC (AIM:GOOD) entered into a conditional binding agreement to acquire Jps Renewable Energy Ltd for £14.1 million on February 12, 2024. The Acquisition is on a debt-free, cash-free, basis for an initial consideration of £7.0 million (the "Initial Consideration") with further deferred consideration of up to £6.75 million, payable in cash over a two-year period (the "Deferred Consideration"), subject to certain performance conditions. Together, the total maximum consideration is £13.75 million (the "Total Consideration"). The Initial Consideration will be satisfied by a payment of £3.7 million in cash on completion and through the allotment of 1,322,000 new ordinary shares of 5 pence each in the Company (the "Consideration Shares"). A proportion of the Consideration Shares have been placed on behalf of JPS Group's selling shareholders (the "Vendors") via a vendor placing of 842,000 Consideration Shares (the "Placing Shares") at a price of 250 pence per Placing Share (the "Placing Price") raising proceeds of approximately £2.1 million for the Vendors (the "Vendor Placing"). The Placing Price represents a discount of 9.4 per cent. to the mid-market closing price of 276 pence on 9 February 2024, being the latest practicable date prior to the date of this announcement. The remaining 480,000 Consideration Shares (the "Vendors' Consideration Shares") will be retained by the Vendors and will be subject to a twelve-month lock-up period and orderly marketing arrangements. Investec Bank plc ("Investec") is acting as Nominated Adviser, Joint Bookrunner and Joint Broker alongside Canaccord Genuity Limited ("Canaccord") as Joint Bookrunner and Joint Broker in connection with the Placing (together the "Joint Bookrunners"). Completion of the Acquisition is expected to occur on or around 13 February 2024. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to €2.90, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 18x in the Renewable Energy industry in Germany. Total returns to shareholders of 52% over the past three years. Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €4.00, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 16x in the Renewable Energy industry in Germany. Total returns to shareholders of 130% over the past three years. Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €4.44, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 15x in the Renewable Energy industry in Germany. Total returns to shareholders of 141% over the past three years. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to €4.28, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 16x in the Renewable Energy industry in Germany. Total returns to shareholders of 131% over the past three years. New Risk • Nov 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 4.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings are forecast to decline by an average of 4.0% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (€67.9m market cap, or US$74.7m). Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to €3.34, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 18x in the Renewable Energy industry in Germany. Total returns to shareholders of 105% over the past three years. Tillkännagivande • Nov 14
Good Energy Group plc Launches Number of New Innovative Products as It Continues to Scale its Offering Good Energy Group PLC has launched a number of new innovative products as it continues to scale its offering. Scaling solar services: In October, Good Energy launched its new smart export tariff. Open to all households generating their own clean power, Solar Savings offers rewards for the electricity customers share. The Company is now offering a rate of 15p per kWh - a 50% increase on the previous rate of 10p per kWh delivered under the pilot of the tariff which launched earlier this year. The new product is a step towards Good Energy's ambition to be the UK's go-to company for solar services. As the country's second largest administrator of the Feed-in Tariff, the precursor to smart export tariffs, it is already a significant player in this market and has an engaged existing customer base. Solar Savings will more than double the export earnings of Feed-in Tariff (FiT) customers. Households looking to switch to Solar Savings must also switch to or already be supplied by Good Energy on the Company's Standard Variable Tariff (SVT). A further enhanced rate of 20p/kWh is being offered to customers who have had a solar installation through Good Energy's subsidiary Wessex ECO Energy and are on Good Energy's SVT. This is the best flat rate smart export tariff currently available on the market. The Company has launched time-based energy matching for all of its business customers. The new service provides Good Energy customers with 24-hour 'carbon-free energy' (CFE) data which means that larger business customers will be able to track their usage to inform how they shift their energy demand and consequentially lower their carbon impact. Time-based energy matching is a solution to more accurately certify renewable energy generation and usage than the current unit based standards like the Renewable Energy Guarantee of Origin (REGO) scheme in the UK. It has gained significant traction globally with the likes of Google adopting CFE and the UN creating a 24/7 Carbon-free Energy Compact. Good Energy is the first supplier in the UK if not globally to offer the service to all business customers, taking an industry leading position. Combined, Good Energy's business customers use around a quarter of a terawatt hour of electricity in a year. The new service could have a material impact on their decarbonisation strategies. The Company is working with software provider Granular Energy to match its business customers' usage with 400 renewable generators across the UK. Good Energy plans to increase this figure to its entire generator network of over 2,000 in the next 12 months. November Good Energy launched a new tariff to support the rapid growth of electric vehicles. The Good Energy Standard (Smart EV) tariff offers an off-peak rate of 9.41p/kWh, among the lowest on the market, from midnight until 4.59am. Peak rates start at 34.63p/kWh and vary by region. Customers will need to have a smart meter to access the off-peak rates, for which the Company can arrange free installation. The new tariff will be promoted to the rapidly growing audience of EV drivers using Zapmap. The 49.9% Good Energy owned EV charging app and data company now has over 700,000 registered users. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €2.80, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 16x in the Renewable Energy industry in Germany. Total returns to shareholders of 70% over the past three years. Tillkännagivande • Oct 22
Good Energy Group PLC Appoints Fran Woodward as Director Good Energy Group PLC announced the appointment of Fran Woodward, Chief Operating Officer as a Director of the Good Energy Board, effective from 20 October 2023. Fran joined Good Energy in 2014 and is responsible for Sales and Energy Origination, Marketing, Customer Operations and the People and Culture functions. She has over 25 years leadership experience from a breadth of organizations including Marks & Spencer, Coca-Cola, Dyson and EDF. Fran ensures the customer is at the heart of Good Energy's strategy, culture and its operations, drawing on her early career in retail and consumer goods, and on multiple senior HR and transformation roles. Fran is a graduate of Oxford University, a Chartered Member of the Institute of Personnel and Development and a councillor for the CBI South West Regional Council. Françoise Marie-Danielle Woodward, aged 52, holds or has held directorships/partnerships in the five years preceding her appointment at the Company as follows: Current directorships: Good Energy Works Limited. Past directorships and partnerships held within the last 5 years: SevenSeven Solutions Limited (dissolved). Reported Earnings • Sep 19
First half 2023 earnings released: EPS: UK£0.72 (vs UK£0.042 in 1H 2022) First half 2023 results: EPS: UK£0.72 (up from UK£0.042 in 1H 2022). Revenue: UK£156.1m (up 45% from 1H 2022). Net income: UK£12.0m (up UK£11.3m from 1H 2022). Profit margin: 7.7% (up from 0.6% in 1H 2022). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Renewable Energy industry in Germany. Tillkännagivande • Sep 19
Good Energy Group plc Recommends Final Dividend for the Period to 30 June 2023, Payable on 27 October 2023 Good Energy Group PLC recommended a final dividend of 1.0p per ordinary share for the period to 30 June 2023, as set out in the Company's results on 19 September 2023. The dividend is payable on 27 October 2023 to shareholders whose names are on the register at close of business on 29 September 2023. The shares will trade ex-dividend from 28 September 2023. Tillkännagivande • Jun 22
Agm Trading Update Announces Profit Guidance for First and Second Half of 2023 Good Energy Group PLC announced profit guidance for first and second half of 2023. The company announced that the business has performed more strongly than planned in the first five months of the year. Profit in the first half will be higher than expected driven by falling and less volatile wholesale commodity costs.As expected, the second half will be loss making given the interplay between hedged prices of power and gas and current falling market prices.