GTK - Gentrack

**Jaa** · 24-09-2021, 03:40 PM

Anyone know how many of the six energy companies that went out of business in the UK this month, with 1.5 million customers were Gentrack customers?

**kiora** · 24-09-2021, 04:19 PM

From Craigs

Figure 1: Seven UK energy suppliers have become insolvent in September, three of which are Gentrack
clients
Country Energy retailer Gentrack customer? Nature of exit Date of exit SOLR Customers
UK Avro Energy Unlikely Insolvent Sep-21 To be appointed 580,000
UK Green Supplier Energy Unlikely Insolvent Sep-21 To be appointed 255,000
UK PFP Energy Yes Insolvent Sep-21 British Gas 82,000
UK MoneyPlus Energy Yes Insolvent Sep-21 British Gas 9,000
UK Hub Energy Yes Insolvent Sep-21 E.On Next 15,000
UK People's Energy Unlikely Insolvent Sep-21 British Gas 350,000
UK Utility Point Unlikely Insolvent Sep-21 EDF 220,000
UK Green Network Energy Yes Insolvent Feb-21 EDF 360,000
UK Simplicity Yes Insolvent Jan-21 British Gas 50,000
UK Yorkshire (Daisy) Energy Unlikely Insolvent Dec-20 Scottish Power 74,000
UK Tonik Energy Possible Insolvent Oct-20 Scottish Power 130,000
UK Robin Hood Energy Yes Sold to British Gas Sep-20 n/a 125,000
UK Go Effortless Energy Unlikely Insolvent Sep-20 Octopus Energy 9,000
UK Gnergy Unlikely Insolvent Mar-20 n/a 9,000
UK Engie retail Possible Sold to Octopus Energy Jan-20 n/a 70,000
UK SSE retail Unlikely Sold to Ovo Energy Jan-20 n/a 12,100,000
UK Breeze Energy Unlikely Insolvent Dec-19 British Gas 18,000
UK Toto Energy Unlikely Insolvent Oct-19 EDF 134,000
UK Rutherford Energy Unlikely Insolvent Oct-19 n/a 280
UK Eversmart Energy Unlikely Insolvent Sep-19 Utilita 29,000
UK Solarplicity Yes Insolvent Aug-19 EDF 7,500
UK Brilliant Energy Yes Insolvent Mar-19 SSE 17,000
UK Our Power Unlikely Insolvent Jan-19 Utilita 31,000
UK Economy Energy Unlikely Insolvent Jan-19 Ovo Energy 235,000

**Sideshow Bob** · 30-09-2021, 10:05 AM

Market Announcement

30/9/2021, 10:01 amMKTUPDTE30 September 2021

Gentrack Group Limited (NZX/ASX: GTK), a leading provider of software solutions for utilities and airports, today updates the market on FY21 trading ahead of its year-end results for 30 September 2021 due to be published on 25 November 2021.

Revenue in second half of FY21 has been stronger than expected across the Utilities segment reflecting early positive signs of our strategy to grow revenues by providing innovative technologies and services to existing customers, win new business and expand into managed services. The company has positive progress on all three fronts. Full year revenue is now expected to be approximately $105m (vs previous guidance of slightly ahead of $100.5m). EBITDA is expected to be around $12m (vs previous guidance of around $10m) positively impacted by incremental revenue, higher throughput and slower than expected increase in R&D spend due to the tight global labour market in technology sector.

We take the opportunity to comment on the UK energy market, which is one of Gentrack’s key markets. We highlight:

•Two small customers have recently entered the SoLR (supplier of last resort) mechanism. Through our increased focus on working capital management the group had no material exposures to these customers in FY21.
•Gentrack’s business is diversified between lines of business (B2B, B2C, Water) and geographies. UK energy B2B customers are less affected by current market conditions as the price cap does not apply.
•After recently updating group forecasts for FY22 we anticipate an increase in group revenues vs FY21 after allowing for headwinds previously announced and a reasonable additional reserve in the case of further SoLRs.

Further information will be provided at the full year results on 25 November.
ENDS

**Quantitative Easing** · 30-09-2021, 11:19 AM

Good news.

**sb9** · 26-10-2021, 09:20 AM

More support on ASX, could be Aus Ethical accumulating more.

**waikare** · 25-11-2021, 06:14 PM

GTK released their annual results earlier this morning up $0.20 today closing at $1.90.

Gentrack Group Limited (NZX/ASX: GTK), a leading provider of software solutions for
utilities and airports, today released its results for the full-year to 30 September 2021.
Results Summary
• Revenue: $105.7m – up 5.2% on FY20 and in line with guidance
• EBITDA: slightly ahead of guidance at $12.7m – up 5.0% on FY20
• Statutory NPAT: $3.2m
• Net cash: strong position $26.0m up 54.8% on FY20
• No dividend payable
Revenue growth was driven by an 8.8% increase in the Utilities business to $89.0m
from $81.8m in FY20 with new customer wins and growth from existing customers
offsetting previous years’ losse

**sb9** · 25-11-2021, 08:22 PM

Looks like turnaround happening, shame about UK energy companies crisis though.
New CEO surely making positive impact, still loads of work to do to get back close to previous glory days.