Independent gas and electricity supplier Yü Group has announced a strong financial performance for the year ending December 2023.
Despite unprecedented turbulence in the energy markets, the company’s initiatives resulted in a “record-breaking” full-year revenue expected to surpass £450 million, reflecting nearly 60% organic growth.
The company notes that key financial metrics, raised three times last year, have outperformed expectations.
Operational highlights include a significant increase in meter points on contract for the financial year 2023.
Yü Smart, the business unit focused on smart metering, successfully integrated into the company’s strategy, installing 8,000 meters with expectations of significant scale in the next financial year.
