Source - SMW
Intelligent Energy expects revenue  for the year to the end of September to be over £90m (FY 14/15 £78m).

 Adjusted EBITDA  is expected to be c£(35)m (FY 14/15 £(46)m), reflecting the group's larger costs base prior to the recent restructuring.

    Cash balance at 30 September is expected to be over £20m.

The company says the business restructuring programme announced on 4 April has now been broadly completed.

This currently places the business, excluding the operations in India, with the following underlying financial profile on an estimated exit run rate basis:

-     Adjusted EBITDA, c£(1.1)m a month

-    Cash burn, adjusted EBITDA  - capex, c£(1.3)m a month

-    Cash burn, adjusted EBITDA - capex - interest c£(1.6)m a month on average  

At 9:09am: (LON:IEH) Intelligent Energy Holdings Plc share price was +1.63p at 18.13p

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Intelligent Energy Holdings (IEH)

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