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2016 transformational for Aggregated Micro Power Holdings plc, says boss

2016 has been very much a 'transformational' year for energy and biomass group Aggregated Micro Power Holdings plc (LON:AMPH), said boss Richard Burrell.
The chief executive spoke to Proactive about among other things, the latest half year results and its latest acquisition - the fourth in the wood fuels space this year and his confidence  on the years to come.
PEL is a wood pellet supplier for commercial boilers and was bought for 6.6mln new company shares and £500,000 in cash. It serves around 400 boilers mainly in Yorkshire, East Anglia and Lincolnshire.
Coupled with acquisitions earlier this year of Forest Fuels, Midlands Wood Fuel and the customer base of Mi-Generation Limited, the deal sees the group gain about 20% of the wood pellet market and 10% of the wood chip market.

Quick facts: Aggregated Micro Power Holdings PLC

Price: 85 GBX

AIM:AMPH
Market: AIM
Market Cap: £53.88 m
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Aggregated Micro Power books strong year of growth

Richard Burrell, chief executive of Aggregated Micro Power Holdings plc (LON:AMPH), tells Proactive's Andrew Scott 2019 is shaping up to be another exciting year after enjoying strong growth last year. The bulk of the revenues - £40mln (2017: £15.8mln) came from the wood fuels divisions,...

on 4/7/18

2 min read