Green support services provider Eaga said that trading was in line with management's expectations, as it continued to benefit from government initiatives to reduce household carbon emissions and tackle fuel poverty.
While the government and utility funded schemes continued to drive activity, Eaga pointed to new opportunities in micro-generation and domestic renewable energy. These are thought to centre around the installation of solar panels by social housing groups to generate electricity that can be sold back to the grid. The government is proposing the introduction of feed-in tariffs, and is finalising a regulatory framework due to be implemented from April 2010.
Broker Panmure expects full-year pre-tax profits of £51.7m and EPS of 14.5p (2009: 13.4p).
