OVO Energy
Financials
Estimates*
EUR | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|---|---|
Revenues | 822m | 915m | 1.1b | 1.4b | 1.1b | 1.2b | 6.1b |
% growth | 34 % | 11 % | 23 % | 22 % | (19 %) | 3 % | 425 % |
EBITDA | (8.0m) | 10.0m | (50.0m) | (60.0m) | (275m) | 451m | (1.9b) |
% EBITDA margin | (1 %) | 1 % | (4 %) | (4 %) | (25 %) | 39 % | (31 %) |
Profit | (20.3m) | 3.9m | (54.8m) | (76.6m) | (306m) | 335m | (1.5b) |
% profit margin | (2 %) | - | (5 %) | (6 %) | (27 %) | 29 % | (25 %) |
Date | Investors | Amount | Round |
---|---|---|---|
£31.0m | Growth Equity VC | ||
* | £200m Valuation: £1.0b 1.1x EV/LTM Revenues -24.0x EV/LTM EBITDA | Growth Equity VC | |
* | £200m | Growth Equity VC | |
Total Funding | AUD879m |
Related Content
Recent News about OVO Energy
EditOVO Energy is a UK-based energy supplier focused on providing fair and competitive energy prices while promoting sustainability. The company serves residential customers across the UK, offering a range of energy plans including fixed and variable tariffs. OVO Energy operates in the highly competitive energy market, differentiating itself through its commitment to planting 1 million trees annually and its use of cutting-edge technology to enhance customer experience. The business model revolves around selling electricity and gas to consumers, with additional revenue streams from interest rewards and credit brokering services. OVO Energy is regulated by the Financial Conduct Authority and emphasizes excellent customer service, simple pricing structures, and innovative tech solutions. The company also supports the transition to renewable energy sources, offering products like heat pumps to reduce carbon footprints.
Keywords: energy supplier, sustainability, competitive pricing, residential customers, fixed tariffs, variable tariffs, tree planting, technology, customer service, renewable energy.