GPG’s Energy Bonanza: From 2017 to 2020, Revenues Sizzled 40% Year‑on‑Year!
Picture this: a global power‑play in energy‑management that’s not just climbing the financial ladder—it’s rocket‑flying! From 2017 to 2020, GPG’s revenue exploded with a hearty 40 % annual compound growth. Fast‑forward to the latest accounts, and you’ll see the turnover shot up by a whopping 48%, landing at a cool £44 million for the fiscal year ending 2019.
Growth in Every Corner
- Across all markets, GPG’s sales kept on surging.
- France and the United States, the newer playgrounds, lit up the scoreboard the most.
- Enter France in 2014… within six years, it accounted for 16 % of the group’s total revenue by 2020.
- French sales were racing ahead with an annual increase of more than 110 % between 2017 and 2020.
Profitability on a High
With the horsepower behind the growth, GPG’s finance team marked a robust EBITDA of £31 million in 2020—a 46 % margin, compared with £14 million and a 32 % margin in 2019. That’s like turning a regular chocolate cake into a gourmet pastry, all thanks to sharper efficiency and smarter pricing.
2020: The “Live‑Long” Year Amidst Chaos
The pandemic tried to throw a wrench into the works, but 2020 proved a “super‑hero” year for GPG:
- Year‑to‑date revenues hit £52 million.
- Projected final year totals are slated at a dazzling £67 million.
- That’s a 56 % jump over 2019 figures—yes, we’re talking about a genuine leap, not a small hop.
Staffing and Spaces: The Growing Power Train
GPG’s team now boasts 700+ crew members. In Q1 of the following year, the company’s new headquarters—the stunning Riga Building—will host 4 floors, 30,000 square‑feet of Gateshead‑waterfront office charm.
Looking Ahead: 2021 and Beyond
In 2021, the manual says:
- UK teams expand as Riga brings in hundreds more tech‑savvy folks.
- The global headcount will reach near 1,000 employees.
- January saw the French branch move to a 13,000 sq‑ft Paris office in a prime spot—so perfect for Accidental Awesomeness.
- As the Paris space nears saturation, a sequel office move is on the horizon for April 2021, possibly doubling the French staff.
New Products: From Tools to Tech
GPG’s got its wings in the tech realm:
- Launched Business Energy Quotes in the UK and Energie Supermarche in France; both launched in February 2020.
- These sites super‑easily let micro‑SMEs compare power costs, a segment GPG previously didn’t tap.
- ClearVUE Systems (the sister company) added cloud‑based energy‑monitoring gear, helping B2B customers glimpse their energy usage and pursue a Net Carbon Zero Future.
- Experts say the Energy Monitoring Systems market deserves about £500 million across UK and France. With a 10 % yearly growth forecast, GPG’s proprietary tech aims to snag a major share.
Why This Matters
All in all, GPG isn’t just ticking up numbers. The company’s creative mix of market expansion, workforce growth, tech innovation, and profitability charts a narrative that feels far from the cold robotic spreadsheets most investors expect.
Feel the pulse? Have a seat, grab a coffee, and follow GPG’s thrilling ascent—no gadgets or spreadsheets required!
