Financials

Estimates*

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Revenues, earnings & profits over time
EUR2016201720182019202020212022
Revenues822m915m1.1b1.4b1.1b1.2b6.1b
% growth34 %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 %)
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DateInvestorsAmountRound

£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 FundingAUD879m

Recent News about OVO Energy

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More about OVO Energyinfo icon
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OVO 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.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by OVO Energy

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VCharge
ACQUISITION by OVO Energy Oct 2017
Spark Energy
ACQUISITION by OVO Energy Nov 2018
Bonnet
ACQUISITION by OVO Energy Nov 2023
OVO Energy Spain
ACQUISITION by Holaluz May 2022