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HomeRenewablesenergy bill paymentYü Group expects £450m revenue

Yü Group expects £450m revenue

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.

 

Energy Live News
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This article first appeared on Energy Live News, an award winning news service. Their mission is to give you balanced news, analysis, commentary of energy from their dedicated team of quality journalists and production staff.
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