Inspired PLC, a prominent player in the sustainability sector, has announced impressive financial results for the 2023 fiscal year. The company’s chief executive, Mark Dickinson, highlighted the key achievements, including double-digit organic growth in revenue, adjusted EBITDA, and pre-tax profit.
This remarkable performance underscores Inspired’s successful execution of its transformation into a full-suite sustainability service provider. For the first time, the company introduced non-financial key performance indicators (KPIs), showcasing effective cross-selling and increased revenue per customer.
With over 600 customers utilizing multiple division services and a significant increase in optimization projects, Inspired demonstrated its ability to meet the repeatable demand for carbon emission and energy consumption reduction. Despite challenges in the energy markets, Dickinson expressed optimism about an improved backdrop, advising businesses to secure long-term flexible contracts to effectively manage energy crises.
Looking ahead to 2024, the first quarter showed solid performance and improved cash conversion metrics. Inspired anticipates further success from its cost sales strategy, with the assurance division maintaining trusted client relationships and the ESG division capitalizing on new legislation like the corporate sustainability reporting directive in Europe. The optimization division is seen as a key growth driver, focusing on reducing carbon emissions and energy consumption.
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