Yu Group (YU.)

 500.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 785.00
  • 52 Week Low: 167.50
  • Currency: UK Pounds
  • Shares Issued: 16.66m
  • Volume: 43,872
  • Market Cap: 83.32m

Yu Group reports 'strong' start to year despite market volatility

By Josh White

Date: Thursday 26 May 2022

LONDON (ShareCast) - (Sharecast News) - Corporate gas, power and water supplier Y Group reported a "strong start" to the year in a trading update on Thursday, with the good momentum from 2021 continuing.
The AIM-traded firm, which was holding its annual general meeting, said it expected overall performance in 2022 to be in line with market expectations.

It said the four months ended 30 April saw "significant" revenue growth at improved profit margins, providing it with "high confidence" for the rest of the year.

Average monthly bookings for the period stood at 13m, up 81% year-on-year.

The group said it was focussed on delivering "profitable and controlled" growth, based on a strong forward contract book, as well as unlocking the benefits of its 'digital by default' strategy.

During the period, the group also announced the creation of a metering services division, providing it with the ability to control a larger part of the value chain and drive "significant" value enhancement over the medium term.

"I am pleased to report a very strong start to the year," said chief executive officer Bobby Kalar.

"Despite commodity market volatility, we have delivered record revenues for the four months to 30 April, with continued strong momentum."

Kalar added that he was "delighted" the group had acquired the management capability of a smart metering business, describing it as a "game-changer".

"I look forward to scaling this new capability, combined with the efficiencies from our digital by default strategy, to further enhance our growth and profitability."

Y Group said it would provide a further update in its July trading update, covering the period ending 30 June.

At 1044 BST, shares in Y Group were down 1.4% at 204.6p.

Reporting by Josh White at Sharecast.com.

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Yu Group Market Data

Currency UK Pounds
Share Price 500.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 785.00
52 Week Low 167.50
Volume 43,872
Shares Issued 16.66m
Market Cap 83.32m

Yu Group Star Ratings

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Yu Group Dividends

  Latest Previous
  Final Interim
Ex-Div 01-Jun-23 22-Nov-18
Paid 20-Jun-23 08-Jan-19
Amount 3.00p 1.20p

Trades for 29-Mar-2023

Time Volume / Share Price
17:09 1,200 @ 500.00p
16:25 823 @ 495.00p
15:46 2,500 @ 500.20p
15:38 468 @ 501.00p
15:36 58 @ 501.00p

Yu Group Key Personnel

CEO Bobby Kalar

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