Gentrack CEO won’t rush response to British woes

Thu, 23 Jan 2020

Gentrack is not being rushed into a new strategy and is focusing on its existing clients as it deals with an even tougher British energy market than it had thought.Chief executive Ian Black said the utilities software developer is urgently addressing a shift in the UK’s regulatory settings that saw customer demand evaporate and cost it two significant clients.The shares have dropped more than 40 percent since Gentrack last week warned that annual earnings would be weaker. This week, it said earnings before interest, tax, depreciation and amorti...

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