Digital strategy expected to pay dividends for utilities firm
Yü Group, the independent supplier of utilities to SMEs and the corporate business sector, has revealed that it expects to post adjusted EBITDA in excess of £4.7m in its interim results for the six months to 30 June.
The Nottingham-headquartered firm told the London Stock Exchange that its recent performance has “significantly” exceeded expectations due to its robust commodity hedging position, margin enhancement through improved customer value propositions and the impact of its Digital by Default strategy.
Yü’s digital programme, introduced to open up new sales channels and simplify customer service, harnesses automated systems to drive cost-efficiency.
In a statement this morning (13 September), Yü Group said its Board expects the company to continue performing strongly for the remainder of the financial year.
The firm added that, in light of the ongoing energy crisis, it has “begun engaging with BEIS to implement the Government’s business support package.”
Yü Group is expected to announce its interim results on 27 September.