Trading update - acceleration of new M2G orders
Sabien secured £186,243 in new M2G orders from seven customers in January, representing 26% of prior year revenues.
- New M2G orders secured (January 2025) £186,243
- Number of new customers 7
- Percentage of FY24 total revenues 26%
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Trading update
Acceleration of new M2G orders
Sabien (AIM: SNT), a leading provider of energy reduction technologies, is pleased to provide the following trading update in relation the Company's M2G Cloud Connection Solution ("M2G").
Following the last M2G trading update, which was detailed in the Company's announcement on 18 November 2024, Sabien has secured new orders totalling £186,243 from seven new customers signed in January 2025. These new orders which were secured in the last three weeks represents 26% of the Company's total revenues for the year ended 30 June 2024.
87% of this new revenue was achieved through Sabien's partnership with CBRE. End customers include a major pharmaceutical company, a large European bank, a global power technology provider, a London University, a German performance car producer and a healthcare manufacturer.
Richard Parris, Executive Chairman of Sabien, said: "At around the halfway point of the current financial year I am delighted to see our month-on-month sales run-rate rapidly accelerating through our recent partner engagement program. At the current monthly run rate and given our strong sales pipeline we expect to exceed last years' sales performance by the year end. Our new diverse customers demonstrate the breath of our market potential and their expert buying teams provide the compelling validation of our proposition to save energy, cost and deliver ESG compliance."
A further sales update will be provided along with our interim results in mid-March 2025.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.