The EnviroSuite domestic sales team seems to be quietly going about their business securing new clients.
The "footer banners" of company logos at the bottom of the EnviroSuite web page are displaying some companies that are yet to be mentioned as clients in any of the investor updates to date.
The 4 that I noticed were...
Incitec Pivot Limited - "As a global manufacturer and marketer of commercial explosives and fertilisers, Incitec Pivot Limited is contributing to the production of the infrastructure, food, clothing, shelter and energy people need every day"
Stanwell - "We own coal, gas and water assets which we use to generate electricity; we sell electricity directly to business customers; and we trade gas and coal."
Sibelco - "Founded in 1872, Sibelco has grown into a truly multinational business, today operating 228 production sites in 41 countries with a team of around 10,000 people. We work closely with our customers to create real value, drawing on the Group’s global resources and expertise to deliver local solutions."
Energy Developments - "Energy Developments Limited (ENE) is an international provider of safe, clean, low greenhouse gas emissions energy and remote energy solutions.
ENE currently manages an international portfolio of over 900MW of power generation facilities in Australia, the United States and Europe, utilising a range of fuel sources operating in four main areas: remote energy, natural gas (NG, CNG & LNG) and diesel, landfill gas and waste coal mine gas."
These are very large companies with global footprints (barring Stanwell) and being on the EnviroSuite webpage there is a case to make that they are customers of the product.
The last annual report made mention that around 15% of the groups revenues were from its technology division so with EnviroSuite seemingly signing multiple new contracts, a reduced research and development spend and the consulting business securing an abundance of announced government work I think that the interim and full year financials might surprise to the upside.
Quality of earnings has been in question on these threads before but as the technology division increases its proportion of company earnings the margins and overall profits should draw some attention.
EVS Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
