Sabien Technology Group, manufacturer of the M2G intelligent boiler load optimiser, has reported a rise in pre-tax profits of around 32% and an 18% increase in turnover for the year ending 30 June 2012.
CEO Alan O'Brien said: 'The trading and financial performance for the 2011/12 full year has seen a steady improvement on last year's performance even though throughout this year our clients have faced ongoing financial and budgetary constraints. This is clearly because energy management measures that provide an immediate energy cost saving with a fast return on investment make perfect business sense in the current economic and legislative climate.'
Sabien has also seen an increase in the number of M2G units sold through its partners in the facilities, utilities and maintenance sectors. These include SSE Contracting, Babcock, EDF Energy, Interserve, Schneider Electric, John Laing, Conder M&E, Vinci Facilities and G4S.
'The significant improvement in our alliance partner sales is underpinned by our clients' broadening of their outsourcing contracts to include energy reduction and energy efficiency targets and this has created opportunities for all of our alliance partners,' Mr O'Brien added.
The Group's full year results will be announced on Monday 1st October 2012.
