Headcount key to growth
FY16 results were in line with the post-trading statement expectations and showed continuing growth, despite staff retention difficulties and investment in energy services. In FY17 we expect improved staff retention and additional energy service contracts, such as that recently signed with Asda. With improving cash flow and a strengthened management team, there is the prospect of further growth in the current year. Utilitywise’s (UTW) current rating does not appear to reflect this potential for growth.Utilitywise is engaged in gas, electricity and water procurement, and in energy management and compliance services for businesses. Co. negotiates rates with a portfolio of energy and water suppliers on behalf of business customers, provides an account care service and provides a range of products and services designed to assist customers in managing their energy consumption and energy compliance needs. Co. is organized into two divisions, Enterprise and Corporate. The Enterprise Division services Micro market, SME and mid-market customers. The Corporate Division serves larger clients, sometimes referred to as l&C customers in the market.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
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