Sabien delivers prelim results for the year to 30 June 2012 – pre-tax profits rise by 47 %

Investor news

Published: 04 October

Author: Alan O'Brien

Type: Investor news

Year: 2012

Sabien Technology Group Plc, the manufacturer and supplier of M2G, a boiler energy efficiency technology, is pleased to report its preliminary results for the year to 30 June 2012.

Sabien Technology Group highlights 2012

Sales for the year up 18% to £2.47m (2011: £2.09m)

Pre-tax profits up 47% to £0.28m (2011: £0.19m)

Contract wins in the 12 months included:

  • Monteray - British Telecom
  • Romec - Royal Mail
  • Edmundson Electrical - Glasgow City Council
  • SSE Contracting - Glasgow City Council
  • EDF Energy - Greenwich University
  • Regus
  • Sustainability Plus - BNP Paribas
  • Standard Life
  • Schneider Electric - University of Swansea
  • Southwark Council
  • Ministry of Justice
  • Vinci Facilities

Sales from Alliance Partners increased to £1.06m (2011: £0.38m)

Net cash balance at 30 June 2012 was £1.40m (2011: £1.03m)

Sales pipeline of £9.1m at 30 June 2012 (2011: £7.7m)

Sabien appointed preferred partner to the Carbon Disclosure Program (CDP)

Highlights since the year end

  • Sales orders received since 1 July 2012 total £0.65m.
  • Sales pipeline currently standing at c.£8.7m which includes over 80 blue chip private and public sector multi-site organizations.

The Group continues to participate in and track a number of significant public sector tender opportunities which, if awarded, are expected to produce revenues in excess of our recent annual turnover. However the exact timings of orders and the resultant cash flows are not certain at this time