Trading update - acceleration of new M2G orders

Sabien Technology Group PLC

27 January 2025

 

The information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the UK Market Abuse Regulation

27 January 2025

Sabien Technology Group plc

("Sabien" or the "Company")

Trading update

Acceleration of new M2G orders

Sabien (AIM: SNT), a leading provider of energy reduction technologies, is pleased to provide the following trading update in relation the Company's M2G Cloud Connection Solution ("M2G").

Following the last M2G trading update, which was detailed in the Company's announcement on 18 November 2024, Sabien has secured new orders totalling £186,243 from seven new customers signed in January 2025. These new orders which were secured in the last three weeks represents 26% of the Company's total revenues for the year ended 30 June 2024.

87% of this new revenue was achieved through Sabien's partnership with CBRE. End customers include a major pharmaceutical company, a large European bank, a global power technology provider, a London University, a German performance car producer and a healthcare manufacturer.

Richard Parris, Executive Chairman of Sabien, said: "At around the halfway point of the current financial year I am delighted to see our month-on-month sales run-rate rapidly accelerating through our recent partner engagement program. At the current monthly run rate and given our strong sales pipeline we expect to exceed last years' sales performance by the year end. Our new diverse customers demonstrate the breath of our market potential and their expert buying teams provide the compelling validation of our proposition to save energy, cost and deliver ESG compliance."

A further sales update will be provided along with our interim results in mid-March 2025.

For further Information, please contact:                                                                         

Sabien Technology Group plc                                                        [phone]

Richard Parris, Executive Chairman                                       [e-mail]

Allenby Capital Limited (Nominated Adviser)

John Depasquale / Nick Harriss / Vivek Bhardwaj	[phone]
Peterhouse Capital Limited (Broker) Duncan Vasey / Lucy Williams	[phone]

About Sabien Technology Group plc

Sabien Technology Group plc provides energy reduction solutions designed to help businesses achieve their sustainability goals, with a particular focus on reducing energy consumption and carbon emissions. 

The Sabien Technology Group plc holds the Green Economy Mark from the London Stock Exchange, recognising companies generating over 50% of their revenues from sustainable products and services.

Website: www.sabien.com

 

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