Yü Group, the independent supplier of gas, electricity, meter asset owner and installer of smart meters to the UK corporate sector, has hailed “continued strong trading momentum” in a new update, with key performance indicators of revenue, profitability and cash generation “all showing very strong growth.”
Meanwhile the run rate growth of average monthly bookings achieved in Q4 2022 has continued into 2023.
Following a detailed review by management, revenue, margins and cashflow for the year to 31 December 2023 are now expected to be substantially ahead of current market expectations.
Bobby Kalar, Chief Executive Officer, said: “I’m delighted to report a further increase in our expectation of revenue, profit and cash, and I’m looking forward to present a ninth consecutive half year improvement in our interim results.
“I look forward to updating shareholders as the Group continues to deliver and set new records.”
