Inspired trading in line with expectations as demand for ESG services grows

Inspired shares fell 1.3% to 12.1p in late afternoon trading on Friday, after the group confirmed its HY1 2022 results were set to come in line with market expectations in its trading update for the period.

The technology service provider announced progress in its planned strategy, with strong trading and a continued growth in underlying cash generation against HY1 2021.

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Inspired, which built its business model on assisting companies in their journey to net zero, confirmed that energy had become a “high priority” for the firm.

The group commented its Energy Optimisation Services were especially strong across the financial period, with accelerating demand reported in its Inspired ESG services.

“Against a challenging market and macroeconomic backdrop, we are pleased to report a period of solid growth, with the Optimisation and ESG divisions gaining particularly good traction in particular, a trend we see continuing into the second half,” said Inspired CEO Mark Dickinson.

“The transition to Inspired plc a year ago has enabled us to strengthen our platform and leading market position as we support businesses in their response to the ongoing energy crisis and climate emergency.”

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