Trading Update and Notice of Results

RNS Number : 8786T

Good Energy Group PLC

30 March 2021

 

  Good Energy Group PLC

("Good Energy" or the "Company")

Trading Update, Notice of Results, Analyst Briefing and Investor Presentation

Good Energy Group PLC (AIM: GOOD), the 100% renewable electricity supplier and innovative energy services provider,   will announce preliminary results for the year ended 31 December 2020 on Tuesday 13 April 2021.

Trading Update
The Company has had a good performance since the last reporting date, maintaining a strong cash balance, which was £18.1m at 31 December 2020 (£18.2m 30 June 2020). Customer numbers have remained stable since the trading update in September 2020, whilst cash collections have been strong and the overall working capital position has remained healthy. The implementation of our Kraken technology platform and SMART meter roll-out remain on track. We remain vigilant to the potential impacts of the withdrawal of various government support schemes to individuals and businesses later in 2021, and therefore plan to retain a cash buffer through to the end of winter 2021/22 as a result.

Analyst Briefing

Management will be hosting a briefing for analysts via web conference at 9:30am on the day of the results. Analysts wishing to attend the presentation should register their interest by emailing  [e-mail] or telephoning 0124 976 7484.

Investor Presentation

Juliet Davenport, Chief Executive Officer and founder, and Rupert Sanderson, Chief Financial Officer, will provide a live presentation updating on the results for the year ended 31 December 2020 and prospects via the Investor Meet Company platform on Tuesday 13 April 2021 at 2:00pm.

The Company is committed to ensuring that there are appropriate communication structures for all elements of its shareholder base so that its strategy, business model and performance are clearly understood.

• The online presentation is open to all existing and potential shareholders.

• Questions can be submitted pre-event via your IMC dashboard or at any time during the live presentation via the "Ask a Question" function. Although the Company may not be in a position to answer every question it receives, it will address the most prominent within the confines of information already disclosed to the market. Responses to the Q&A from the live presentation will be published at the earliest opportunity on the Investor Meet Company platform.

• Investor feedback can also be submitted directly to management post-event to ensure the Company can understand the views of all elements of its shareholder base.

Investors can sign up to Investor Meet Company for free and add to meet Good Energy via:

https://www.investormeetcompany.com/good-energy-group-plc/register-investor

Investors who have already registered and added to meet the Company will be automatically invited.

Enquiries:

Good Energy Group PLC Juliet Davenport, Chief Executive Charles Parry, Investor Relations Luke Bigwood, Communications	Email:  [e-mail] Email:  [e-mail] Phone: [phone]
Investec Bank plc (Nominated Adviser and Joint Broker) Jeremy Ellis Sara Hale	Tel: [phone]
Canaccord Genuity Limited (Joint Broker) Henry Fitzgerald - O'Connor Georgina McCooke	Tel: [phone]

Notes to editors:

About Good Energy   www.goodenergy.co.uk

Good Energy is a generator and supplier of 100% renewable power and an innovator in energy services. It currently owns two wind farms, six solar farms and sources electricity from a community of 1,600 independent UK generators.

Since it was founded 20 years ago, the company has been at the forefront of the charge towards a cleaner, distributed energy system. Its mission is to support UK households and businesses generate, store and share clean power.

Good Energy is recognised as a leader in this market, through our green kite accreditation with the London Stock Exchange and as a top rated Green energy supplier by Which?.

About Zap-Map  www.zap-map.com/live/

Launched in June 2014, with a mission to accelerate the shift to electric vehicles (EV) and help the drive towards zero carbon mobility, Zap-Map is the UK's leading EV mapping service. The charging point map, available on desktop and iOS/Android apps, helps EV drivers to search for available charge points, plan longer journeys, share updates and pay for charging on participating networks.

In the UK, Zap-Map attracts more than 120,000 cross-platform users per month from a rapidly growing fleet of around 200,000 pure-EVs (Zap-Map's core user group) and 230,000 plug-in hybrids (SMMT: December 2020).

 

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